My Altria Story
I have been wanting to add Altria Group Inc. (MO) to my dividend growth portfolio for some time, but with the market's search for yield in full force, shares had been bid up to prices I wasn't comfortable paying. I kept a mental price target in mind, and told myself that if it hit the 4% yield mark I would find a way to make room for it in my portfolio.
Well, on the morning of July 28th I was glancing over my watch list of consumer staple companies, and was shocked to see that Altria's share price had fallen by more than 10%.
