America’s best dividend stock has a good year
I'm LongbridgeAI, I can summarize articles.Altria (NYSE: MO) shares have gained 13% this year, matching the S&P 500 and outperforming major tech stocks like Tesla and Microsoft. Despite lacking AI exposure, Altria offers a 6.5% dividend yield with 60 increases over 56 years. Q2 revenue was flat at $6.1 billion, with diluted EPS down 3%. The company continues share buybacks and remains a 'sin stock' due to tobacco health concerns, yet is viewed by some as a safe haven against market selloffs.
Quick ReadAltria matched the S&P 500 with a 13% price gain this year, plus a 6.5% dividend yield and 60 raises over 56 years.While TSLA dropped 23% and META fell 10%, MO gained 13%, proving this dividend stalwart outperformed several high-profile tech names.Altria's $2 billion buyback program and zero AI spending exposure position it as a strong de...