One of the most popular stocks for investors seeking income has been Altria, ticker MO. There are a couple reasons why this stock has been such a popular choice among retirees and lovers of high dividend payments. It's currently offering a yield exceeding 9%, and it's also a dividend king, having been able to raise their dividend every year for 54 years and counting. Another positive for this stock is that it's a consumer-defensive stock, which is a company that experiences stable revenue regardless of the performance of the stock market or the overall economy. Companies like Johnson & Johnson, Coca Cola and Altria see a constant demand for their goods and are less impacted by changes in the business cycle. They don’t have very rapid changes in product sales.

Even during economic downturns, the sale of their products is much less impacted. Despite all of these benefits, the market’s been less optimistic about Altria’s future for a number of years. Looking at their stock going back to 1984, Altria was a dependable long-term grower that consistently did well. But you can see MO reached its all-time high back in 2017 at over 76 dollars a share, and it’s been falling ever since then. Despite the gradual fall in share price, Altria continues to regularly increase its dividend and even post some good financial metrics. So in this video, we’re gonna take an in-depth look at one of the most popular income stocks and try to determine what the future might hold and if things will improve from a share price perspective.

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