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Stock impact report

Can These 2 Ultra-High-Yield Dividend Stocks Outperform the S&P 500 in 2024? [Yahoo! Finance]

Altria Group, Inc. (MO) 
Last altria group, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: altria.com/investors
Company Research Source: Yahoo! Finance
The core reason is that an elevated yield often indicates a company is facing a major headwind. Tobacco giant Altria (NYSE: MO) and telecom behemoth AT&T (NYSE: T) have defied this trend in 2024. Despite their exceptional yields (see below), both stocks are on pace to keep up with the red-hot S&P 500 and perhaps surpass its performance before year's end. Can these former laggards really outperform the S&P 500 in 2024? Let's dig deeper to find out. Altria: A proven value creator Altria, the maker of Marlboro cigarettes, has been an unusually strong performer this year. Despite this ongoing secular decline in cigarette smoking, Altria's stock has delivered a total return (including dividends) of 19.3% this year, compared to the 16% total return of the S&P 500. While this outperformance is likely due to a broadening of the overall bull market and not a company-specific phenomenon, Altria still represents a compelling investment case. Speaking to this point, it pays a ginormous Show less Read more
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