Everyone has their vices and, unfortunately, for some people
that vice is tobacco. Altria (MO) is a
for lack of a better term a beast of a dividend-paying company that can take a
prominent role in your passive income portfolio. MO has been my top performing position in
terms of price
and dividend
payouts. Let’s face it, an investment in
this company isn’t the prettiest source of income / wealth you can boast to
your socially-conscious friends.
However, this company is a tried and true dividend winner that shows no
signs of slowing down even in the face of the tobacco litigation era and
accompanying legislation. It’s well run
and not stingy with its shareholders.
Even at its current price, which comes after a nearly 100% increase over
the past few years, it offers a fat dividend yield of about % 3.25. This is another evil emperor stock which can
help you get rich slowly.
Disclosure: Long on
MO.
Posts
Nothing wrong with investing in a vice stock. I hold PM in my account and have been happy with the results. I used to own MO a long time ago before I became a dividend growth investor. In hindsight I never should have sold those shares. I also own DEO for those who like to invest in spirits :)
ReplyDeleteHowdy! I'm a DEO fan too. Hope you're well.
ReplyDelete