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10.6 Billion Reasons to Buy This Ultra-High Dividend Stock

·3-min read

Many investors know that tobacco company Altria Group (NYSE: MO) owns a stake in beer giant Anheuser-Busch InBev -- a 10% stake, to be specific. Altria's decision to hold onto its stake has proven a genius move, and it's likely to pay handsomely down the road. Analysts believe Altria's 2022 earnings per share (EPS) will come in at roughly $4.86, valuing the stock at a price-to-earnings ratio (P/E) ratio of just over 9, and that's against a decade-median P/E of 17.5.