Dividend Kings List by Yield: Top 10 Stocks

1 Altria Group, Inc. (NYSE:MO)

Dividend Yield as of November 11: 8.50%

Altria Group, Inc. (NYSE:MO) is a Virginia-based tobacco company that produces cigarettes and related products. The company currently pays a quarterly dividend of $0.94 per share and has a dividend yield of 8.50%, as of November 11. It has been raising its dividends consistently for the past 53 years. Moreover, the company paid $1.6 billion to shareholders in dividends during the third quarter of 2022, which makes it one of the best dividend stocks to buy.

Stifel lifted its price target on Altria Group, Inc. (NYSE:MO) to $50 this October with a Buy rating on the shares, appreciating the company’s joint venture with Japan Tobacco and its overall fundamentals.

At the end of the June quarter of 2022, 48 hedge funds tracked by Insider Monkey reported owning stakes in Altria Group, Inc. (NYSE:MO), up from 47 in the previous quarter. These stakes hold a combined value of over $1.8 billion.

You can also take a look at 15 Best Consistent Dividend Stocks to Buy and Goldman Sachs’ Cheap Dividend Stocks

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