Altria Is the New Dividend Leader in the S&P 500. Shares Yield Nearly 8%.
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Altria became the index’s dividend leader on Thursday, after struggling Walgreens Boots Alliance suspended its payout that same day, citing an effort to improve its balance sheet. While Altria’s dividend payout ratio is high at about 80%—more than double that of the S&P 500—the company takes its dividend very seriously, having raised it in August for the 59th time in 55 years. Altria is a king among S&P dividend aristocrats.
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