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Nov. 1, 2021, 11:43 a.m. EDT

This Dividend Stock Is Oversold and Is Now Yielding 8.2%

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Nov 01, 2021 (Baystreet.ca via COMTEX) -- Even a temporary drop in price can give investors the opportunity to lock in a high yield. As long as the company keeps paying the dividend, you'll be earning a higher rate than investors who buy the stock when it's at a 'safer' yield (i.e. a higher share price).

And for 2021, the company projects that its adjusted diluted EPS will be around $4.60. Altria recently raised its payouts and on an annual basis it is paying shareholders $3.60 per share. That would put its payout ratio at 78% and just under its target.

Although this isn't an income investment I'd suggest buying and forgetting about, Altria looks like it could be solid pick up, at least in the short term.

COMTEX_396186433/2559/2021-11-01T11:42:52

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

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