Altria’s 6.5% Dividend Has Been Raised For 20 Years, But Will it Continue?
Altria (NYSE: MO) offers a high dividend yield of 6.36% and has raised its dividend for over two decades. While its earnings payout ratio is stretched above 100%, the dividend is well-covered by free cash flow, which was $9.07 billion in 2025 against $6.96 billion in dividends, resulting in a 77% free cash flow payout ratio. However, the company faces concerns with $25.7 billion in total debt and negative shareholder equity of -$3.5 billion, leading to a moderate risk assessment for its dividend safety.
https://247wallst.com/investing/2026/02/10/altrias-6-5-dividend-has-been-raised-for-20-years-but-will-it-continue/