Altria Group: I'm Still Bullish On This Dividend King Yielding Over 5.8%

In an environment where the risk free rate of return is between 4-5% Altria Groups dividend yield of close to 6% is very appealing. After going through Altria's Q1 2026 earnings, my conviction has been reinforced as the company delivered a clean margin-driven beat. I remain long MO and believe it is still undervalued at roughly 14 times FCF with a near-6% dividend yield especially given the wide valuation gap to PM.