$Altria(MO.US)MO is a typical dividend stock, which means stable performance and generous dividends. Essentially, holding such stocks is to earn stable dividends rather than arbitrage on stock prices. In asset allocation, dividend stocks are defensive holdings, especially in bear markets, where their stock prices remain stable because a large amount of capital flows here for safety. Even if the stock price falls, the growth in dividend yield will offset some of the impact of the stock price decline. The best way to operate dividend stocks is to hold them for at least 2-3 years, experience the value of these holdings in the ups and downs of the stock market, and then decide whether to pay long-term attention and hold them. For arbitrage traders, such targets are not the first choice; it's better to go for hot stocks. The primary characteristic of dividend stocks is stable performance. As long as the performance is stable, even if the stock price fluctuates, it will eventually break even. Once the performance shows obvious decline, one should stay away, as the reduction in dividends will have a huge impact on the stock price (the investment logic no longer holds), making it difficult to break even. MO's overall performance is stable and worth buying on dips.