The uncertain macroeconomic environment and ongoing geopolitical crisis will likely keep the volatility elevated in the stock market. Against this challenging investing environment, investors seeking steady passive income could consider low-beta sin stocks like Altria Group (NYSE:MO). Its forward dividend yield of approximately 8.2% implies investors need to buy 322 MO shares at Tuesday’s closing price of $45.74 to make $100 in monthly passive income. Here’s Why Altria is a Solid Passive Income Stock The graph below shows that Altria is a low-beta stock (beta of about 0.50), implying it is less volatile than the broader market. This is well reflected in its stock price performance this year.
https://www.tipranks.com/news/article/do-you-want-100-month-in-passive-income-consider-this-low-beta-sin-stock?utm_source=advfn.com&utm_medium=referral
Altria (NYSE:MO)
Historical Stock Chart
From Dec 2022 to Jan 2023 Click Here for more Altria Charts.
Altria (NYSE:MO)
Historical Stock Chart
From Jan 2022 to Jan 2023 Click Here for more Altria Charts.