Altria: Greater Than 7% Dividend Yield - And Undervalued
◈Altria is one of my favorite dividend aristocrats. The stock offers investors a relatively safe 7.76%+ dividend yield.
◈Altria has an impressive track record of value accumulation. Most notably, from 2012 to 2021, Altria has recorded a revenue increase every single year.
◈Altria stock's one-year forward P/E is estimated at 10.8x, which represents a 48.5% discount to the consumer staples sector.
◈Personally, I value Altria stock with a residual earnings model and see more than 20% upside.
◈Given Altria's defensive value profile, it is no surprise that the company's stock has clearly outperformed the market YTD.
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