Advertisement
Singapore markets open in 8 hours 39 minutes

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,026.57
    -45.06 (-0.89%)
     

  • Dow

    37,967.71
    -493.21 (-1.28%)
     

  • Nasdaq

    15,510.86
    -201.88 (-1.28%)
     

  • Bitcoin USD

    64,032.04
    -592.07 (-0.92%)
     

  • CMC Crypto 200

    1,387.30
    +4.73 (+0.34%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Gold

    2,343.30
    +4.90 (+0.21%)
     

  • Crude Oil

    82.60
    -0.21 (-0.25%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

10.6 Billion Reasons to Buy This Ultra-High Dividend Stock

Justin Pope, The Motley Fool
·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.

Continue reading