– Weekly Cash Flow Strategy –
JAN / APR / JUN / SEP
2nd week – Altria (MO) / $50.60
Forward Dividend & Yield 3.60 (7.50%)
Ex–Dividend Date Sept 14, 2021
Dividend Payout – 0.86
Through its subsidiaries, it manufactures and sells cigarettes, oral tobacco products and wine in the United States. Primarily under the Marboro Brand; cigars under the Black&Mild Brand.
The company also products and sells varietal and blended table wines, and sparking wines under the Chateau Ste. Michelle names.
While overall cigarette volumes have been on a downward trend for years. Most American are turning more towards a smokeless environment, Altria is moving beyond that business.
This includes buying 10% of Anheuser– Busch and a 35% interest in JUUL a maker of e–vapor products. The company also owns 45% of marijuana producer Cronos.
Granted, these initiatives could take a while to pan out. But in the meantime, investors will receive a 7.1% dividend yield.