A 7.9% Yield That’s Unlikely to Go Up in Smoke

By Marc Lichtenfeld Shares of Altria Group (NYSE: MO) have been falling for more than two years.
This could be because an increasing number of investors don’t want to invest in a cigarette company for ethical reasons, or it could be because it’s hard to get excited about a business when the majority of its customers want to quit using its product.
It’s tough enough already from a business and public relations perspective to be a tobacco company. But now Altria is facing difficulties with Juul. Altria invested $13 billion in the electronic-cigarette maker.
As you’re probably aware, both federal and state governments are creating stronger …read more

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