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Could a Dividend Cut Actually Make Sense for This Dividend King?

Could a Dividend Cut Actually Make Sense for This Dividend King?

Becoming a Dividend King takes growth, smart management, and dedication to the dividend. Understandably, dividends are often sacred to the companies that raise them yearly; tobacco giant and Dividend King Altria Group (NYSE: MO) pays a dividend that yields 9.3%, the primary reason most shareholders own the stock. Altria's stock has languished since its infamous Juul acquisition -- here is why a dividend cut could be the key to turning the stock around.