Altria Group: Is This High-Yield Dividend Stock Too Cheap to Ignore?​

Tobacco giant Altria Group (NYSE: MO) is in a difficult position. The company has long mitigated the detrimental effect of declining smoking rates on its revenue by raising product prices. Now, revenue falling anyway seems to suggest that the approach has stopped working.Even more puzzling, the stock price has trended higher since the beginning of 2024 despite this new development, and despite the share price gain, the stock now sells at a price-to-earnings (P/E) ratio of 12. The conflicting data has some investors questioning whether that makes the stock too cheap to ignore, as well as asking whether they should avoid it.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool