5 Very High Yield Dividend Stocks With Upside Potential

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

Number of Hedge Fund Holders: 40
Upside Potential as of November 28: 8.35%

Altria Group, Inc. (NYSE:MO) is an American multinational tobacco company that operates through its various subsidiaries. The company holds a 54-year track record of consistent dividend growth and it currently offers a quarterly dividend of $0.98 per share. The stock’s dividend yield on November 28 came in at 9.40%.

As of the end of September 2023, 40 hedge funds tracked by Insider Monkey reported owning stakes in Altria Group, Inc. (NYSE:MO), down from 43 in the preceding quarter. The consolidated value of these stakes is more than $565 million.

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