Building Wealth With Dividend Growth Stocks by Derrick C. Thomas - HTML preview

– Weekly Cash Flow Strategy –

JAN / APR / JUN / SEP

2nd week – Altria (MO) / $50.60

Forward Dividend & Yield 3.60 (7.50%)

Ex–Dividend Date Sept 14, 2021

Dividend Payout – 0.86

Through its subsidiaries, it manufactures and sells cigarettes, oral tobacco products and wine in the United States. Primarily under the Marboro Brand; cigars under the Black&Mild Brand.

The company also products and sells varietal and blended table wines, and sparking wines under the Chateau Ste. Michelle names.

While overall cigarette volumes have been on a downward trend for years. Most American are turning more towards a smokeless environment, Altria is moving beyond that business.

This includes buying 10% of Anheuser– Busch and a 35% interest in JUUL a maker of e–vapor products. The company also owns 45% of marijuana producer Cronos.

Granted, these initiatives could take a while to pan out. But in the meantime, investors will receive a 7.1% dividend yield.