20 Great Dividend Paying Stocks
#16 Altria Group (MO)
Dividend Yield: 4.2%
The Altria Group is a consistently great dividend paying stock. With an overall dividend yield f 4.2% and a forward P/E ratio of 19.2, the tobacco stock has been on a dividend growth streak of 47 years and counting now. The company was first founded in 1919 and is the largest tobacco company in North America with 90% of the operating income of the business coming from smokable products to include the Middleton and Marlboro brands. Despite the overall decline in smoking the company continues to perform based on its scale, market share, and strong brand recognition.
