Dividend Yield: 5.1%
Tobacco companies are expected to pay hefty dividends, so it’s especially pleasing that Altria (MO) is doing well on a price basis, too. Shares are up more than 19% for the year-to-date.
Third-quarter earnings were better than expected on surprisingly strong revenue growth, driven by price hikes for smokeless tobacco.
That helped Altria hike its dividend by more than 9% — the 47th such increase in the past 44 years.