Highest-Yielding Dividend Kings: Altria (MO) 6.3% Yield in April

AI Summary

In April, Altria (MO) offers a dividend yield of 6.3%, significantly higher than the S&P 500's yield of approximately 1.1%. Universal Corporation (UVV) follows closely with a 6.1% yield, operating globally and providing tobacco to other production companies. Both companies are categorized as Dividend Kings, having raised dividends for at least 50 consecutive years. Their ability to maintain payouts is attributed to strong cash flows, despite challenges in cigarette demand, especially for Altria, which primarily sells cigarettes in North America.