Altria (NYSE: MO) is the second largest publicly traded tobacco company in the world. The company has a market cap of more than $85 billion, with a $12 billion stake in Anheuser-Busch InBev (NYSE: BUD), the largest alcohol company in the world. The company is a traditional “sin” stock, versus “new age” oil and gas sin stocks. As we’ll see throughout this article, Altria’s financial performance and strength mean it has a secure long-term yield of >7% for investors.

Tobacco Market Positioning

Altria has a unique concentration risk - the company only operates (outside of its investments in other companies) - in the United States. That means it is susceptible to changes in FDA / US tobacco policy and declines.

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