Altria is finally trading above the 200 SMA and been trending up since the beginning of Oct. The ex dividend date is 12/24 and the dividend yield is an excellent 6.7%. It's PE is also pretty darn good at 12.82, and the consensus target price is 54.86. That would be 7.29% upside (it's current price is 51.13), plus an incoming dividend payment. IMHO this would be great timing to add this ticker to a dividend portfolio.
I know the RSI is somewhat high, but waiting for a pullback could mean missing the dividend; and, if the rally continues it could get higher and stay that way for some time. Too bad I didn't notice this early last week.
I know the RSI is somewhat high, but waiting for a pullback could mean missing the dividend; and, if the rally continues it could get higher and stay that way for some time. Too bad I didn't notice this early last week.