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Goldman Sachs Boosts High-Yield Tobacco Stocks Amid Decline

3/16/2025

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Summary

Story summary

Goldman Sachs recommends high-yield tobacco stocks, highlighting Altria and Philip Morris in a declining cigarette market.
Altria boasts a 7.06% dividend, a $61 price target, and has recently increased its dividend after share repurchases.
Philip Morris offers a 6.43% dividend, targets $175, and emphasizes smoke-free product development.
Over 75% of S&P 500 stocks pay dividends, with many yielding over 5%, despite market fluctuations.

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Story summary

Goldman Sachs recommends high-yield tobacco stocks, highlighting Altria and Philip Morris in a declining cigarette market.
Altria boasts a 7.06% dividend, a $61 price target, and has recently increased its dividend after share repurchases.
Philip Morris offers a 6.43% dividend, targets $175, and emphasizes smoke-free product development.
Over 75% of S&P 500 stocks pay dividends, with many yielding over 5%, despite market fluctuations.