While stocks have generally been under pressure lately, Altria Group (NYSE: MO) has held up better than most. Despite long-term challenges facing the company as more people give up smoking, the tobacco giant's solid near-term outlook and generous dividend suggest that shares could continue to hold up well in the face of volatility for the broader market. Or are there too many risks to the company's business to make it a suitable long-term investment candidate?
Consistently investing in quality stocks is one of the best ways to build wealth for retirement, and one of the simplest ways to make sure you are investing in a company built to last is to look at its ability to pay dividends. If your portfolio needs some extra yield, three Motley Fool contributors selected three top dividend stocks that you can't go wrong with in this environment. Jeremy Bowman (Altria Group): If you're looking for a high-yield consumer-facing dividend stock, it's hard to find a more reliable choice than Altria, the domestic maker of Marlboro cigarettes.
Altria (NYSE: MO) has long been regarded as a top dividend stock and it's easy to see why. The domestic Marlboro maker has raised its quarterly dividends 57 times over the last 53 years, making it a Dividend King. Because of its payout-hiking track record, Altria was the best stock to own for a nearly 50-year period from 1968 to 2015, if you had reinvested the dividends.