Altria (MO) stock is up 13% this year, matching the S&P 500, with a 6.5% dividend yield outperforming tech stocks like Tesla and Meta.
Tobacco giant Altria (MO) is up 13% this year, in line with the S&P 500, while boasting a 6.5% dividend yield and 60 payouts over the past 56 years. The company has outperformed some tech giants, with Tesla (TSLA) down 23% and Meta (META) down 10%. Altria also has a $2 billion share repurchase program and no AI exposure, making it a strong defensive holding before a potential market sell-off. In the second quarter, Altria's revenue was $6.1 billion, flat year-over-year, and diluted earnings per share (EPS) fell 3% to $1.37.
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