10 Low PE High Dividend Stocks to Buy Now

6. Altria Group, Inc. (NYSE:MO)

Forward P/E Ratio: 10.04

Dividend Yield as of February 16: 7.66%

Altria Group, Inc. (NYSE:MO) is a Virginia-based tobacco company that manufactures a wide range of related products including cigarettes and other nicotine products. The tobacco industry has undergone notable transformations in recent years. Although smoking rates have decreased worldwide, there has been a growing shift toward smoke-free alternatives such as e-cigarettes and oral tobacco, which are viewed as less harmful and are gaining popularity. Altria Group, the company behind brands like Marlboro and Parliament, appears to be navigating these changes effectively by expanding its portfolio of smoke-free products. In the past 12 months, the stock has surged by nearly 33%.

In the fourth quarter of 2024, Altria Group, Inc. (NYSE:MO) reported revenue of $5.11 billion, marking a 1.63% increase from the same period a year earlier. This figure also surpassed analysts’ expectations by $59.6 million. The company’s strong brand performance contributed to income growth and margin improvements in its core tobacco segment, while it continued making strategic investments to support future expansion. Looking ahead to 2025, Altria anticipates adjusted diluted earnings per share (EPS) to range between $5.22 and $5.37, representing a projected increase of 2% to 5% from the 2024 EPS of $5.12.

Altria Group, Inc. (NYSE:MO) has a strong dividend history as the company has remained committed to its shareholder return. In FY24, the company paid $6.8 billion worth of dividends to investors. Moreover, it has raised its payouts for 55 consecutive years, which makes MO one of the best dividend stocks on our list. The stock’s dividend yield on February 16 came in at 7.66%.