Could Altria Help You Become a Millionaire?
Altria (NYSE: MO) sells Marlboro cigarettes in the United States. It is one of the best-known brands in the world, at least among smokers. Add in Altria's steadily growing dividend and a 7.4% yield, and it would seem like this is a slam-dunk dividend stock for those looking to build a million-dollar portfolio. That's doubly true if you compound those dividends by reinvesting them.
There are just a couple of problems with Altria's story. Here's what you need to know before you buy this high-yield stock, thinking that it will help turn you into a millionaire.
Image source: Getty Images.
Source Fool.com
