Altria offers 5.88% dividend yield, generating $609 passive income per $10K investment with steady growth potential.

Altria Group, the largest U.S. tobacco company, provides a strong dividend yield of 5.88%, paying about $609 annually on a $10,000 investment. Despite declining cigarette volumes and ESG challenges, Altria maintains a robust cash flow and has a 56-year history of dividend increases. The company’s aggressive buybacks and stable operating income support sustainable dividends, with management targeting mid-single-digit growth through 2028. This makes Altria a reliable source of passive income that can compound significantly over time when dividends are reinvested.