#9 Altria (MO)
MO Dividend Yield: 5.5%
Tobacco giant Altria (MO) returns to the top 10 S&P 500 dividend stocks with a yield of 5.4%.
Altria didn’t have such a good quarter to wrap up the year. Earnings dropped 56%, hurt by debt repayments and lower demand for smokes. Meanwhile, in a move to address secular decline in the U.S. tobacco market, Altria acquired e-cigarette company Green Smoke.
But there’s no getting around the fact that MO stock has a higher dividend now because shares have performed so poorly. MO stock is down 8.5% for the year-to-date.