Altria is a defensive stock with high dividend yields and outperforms during market uncertainty.

From Yahoo Finance: 2024-05-21 08:20:00

Altria (NYSE: MO) is a defensive stock commonly seen as a safe haven during potential bear markets. In times of market uncertainty, owning Altria stock could help protect your investments. For example, during the first 60 days of the 2020 and 2008 crashes, Altria outperformed the S&P 500. In addition to weathering market downturns, Altria has historically outperformed in bull markets as well. With a strong market share in a growing industry, Altria offers high dividend yields and share buyback programs. While not without its challenges, investing in Altria could be beneficial if a bear market hits.



Read more at Yahoo Finance: 1 Reason to Buy Altria Stock Like There’s No Tomorrow