Altria: Trimming Due To Portfolio Concerns, But Dividend Well Covered

Summary

• Altria Group achieved its 55th consecutive year of dividend increases, with quarterly dividends tripling since the 2008 spin-off.
• MO's high dividend yield of ~8% raises questions about sustainability, but financial metrics indicate strong coverage and potential for growth.
• I am trimming my position in this stock but will remain a loyal shareholder.