Here’s How Many Shares of Altria You’d Need for $500 in Yearly Dividends
It would cost investors a little over $27,000 if they were starting with zero shares. Tobacco giant Altria (MO +1.52%) has routinely held one of the highest dividend yields on the stock market. Its current yield is 7%, which is almost six times higher than the S&P 500 (^GSPC 0.11%) average. Even so, it’s below…