Altria Group (MO), the all-weather $81.7 billion consumer staples giant, appears well-positioned to keep flourishing in the current market environment. With its most recent dividend increase from last week marking 53 years of consecutive annual dividend hikes, investor confidence in the stock should remain very strong, moving forward. Nonetheless, I am neutral on the stock. Altria Stock's Advantages in the Current Environment As the ongoing macroeconomic unrest persists, equities continue to suffer significantly. In light of interest rate hikes, geopolitical turmoil, and a hard-to-predict future, investors have become increasingly keen on securities that offer lowered risk, softer volatility, and easier-to-foresee total return prospects as we advance in this treacherous environment.
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Altria (NYSE:MO)
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Altria (NYSE:MO)
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