8 Most Profitable Dividend Stocks To Buy Now

2. Altria Group Inc. (NYSE:MO)

Net Profit Margin: 55.10%

Altria Group Inc. (NYSE:MO) ranks second on our list of the most profitable stocks that pay dividends. The Virginia-based tobacco company manufactures a wide range of related products, including cigarettes and other nicotine products. With smoking rates on the decline, the company is facing an uncertain future. While Altria offers a range of products in emerging categories, it lacks the dominant market position that Marlboro once held for many years. Even today, the company still relies heavily on cigarette sales, with combustible products accounting for more than 90% of its operating income last year.

In the fourth quarter of 2024, Altria Group Inc. (NYSE:MO) posted a revenue of $5.11 billion, marking a 1.63% increase from the previous year and surpassing analyst expectations by $59.6 million. The company saw higher earnings and improved margins in its core tobacco business, driven by strong brand performance. In addition, the company continued making strategic investments aimed at supporting long-term growth. For 2025, the company anticipates adjusted diluted EPS to range between $5.22 and $5.37, reflecting an expected growth of 2% to 5% compared to its 2024 EPS of $5.12.

Altria Group Inc. (NYSE:MO) has always remained committed to its shareholder obligation, returning $6.8 billion to investors through dividends in FY24. In addition, it has raised its payouts for 55 years straight. The company offers a quarterly dividend of $1.02 per share and has a dividend yield of 7.28%, as of April 6.