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Trading Ideas

Altria Pays a Big Dividend… but is it Safe?

Altria Group (NYSE: MO) shares have dropped 25% this year due to disappointing sales growth, regulation, and management changes. As a result, the Altria dividend yield has climbed back towards its 10-year average. Altria now pays about a 6% yield but the important question, is the dividend safe? To answer this, let’s look at the business and dividend trends…
Altria Dividend Supported by a Big Business
Altria Group is a $102 billion business that operates out of Richmond, Virginia. Altria employs 8,300 people and makes about $2.3 million per employee in sales. That works out to $19 billion in total sales.

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Business News

China preparing plan to increase access for foreign companies: WSJ

China is planning to replace an industrial policy with a new program that promises greater access for foreign companies, the Wall Street Journal reported https://www.wsj.com/articles/china-is-preparing-to-increase-access-for-foreign-companies-11544622331?mod=breakingnews on Wednesday, in a move to resolve trade tensions with the United States.

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