Note from Daily Trade Alert: Since we first published our report last year, Altria (MO) has been singled out as one of what we call “The 10 Best Dividend Stocks to Own Right Now.”
THE “DIVIDEND MAGNET” AT WORK
By Brian Hunt
Today’s chart shows the “dividend magnet” trade is good for U.S. cigarette powerhouse Altria (MO).
Over the past few years, we’ve stressed the importance of dividends and high-quality stocks dozens of times in DailyWealth.
We practically went to your house and made you buy them.
Our colleague Dan Ferris even coined the term “World Dominating Dividend Growers” to drive the point home.
Many times this year, we’ve highlighted how more people are recognizing the power of basic dividend-payers.
With interest rates low, the fashionable thing on Wall Street will be for fund managers to say, “I own blue-chip dividend-payers.”
Rising dividends will act like a “magnet” to draw share prices higher.
You can see this idea in action with a two-year chart of Altria.
Altria is one of the world’s elite dividend-raising stocks. It’s raised its dividend for 45 years in a row.
Over the last two years, the stock market has been up, down, up again, and back down.
But as you can see below, Altria shares have staged an incredibly steady march from the lower left of the chart to the upper right.
The dividend magnet is working…
– Brian Hunt
Source: Brian Hunt’s Market Notes