Income investors are often drawn to high-yielding stocks, unfortunately like moths to a flame. In the desperate pursuit for meaningful distributions in this low-interest-rate climate, some investors are taking on big risks on big dividends -- and it could all end up in a big mess. Altria (NYSE: MO), AT&T (NYSE: T), and ExxonMobil (NYSE: XOM) are three well-known corporate giants yielding 8.6%, 7.3%, and 9.4%, respectively, as of Monday's close.
The Zacks Analyst Blog Highlights: Walmart, AstraZeneca, HSBC Holdings, Exxon Mobil and Altria Group
Thousands of miles away in Brussels, photographer Olivier Truyman says that pre-COVID, he was smoking less than three-quarters of a pack a day. In homes across the world, people like Eddy and Truyman are giving Big Tobacco a boost during the pandemic, despite public health advice that smoking increases the risk of severe illness from COVID-19. In recent weeks, tobacco companies Philip Morris International Inc, Japan Tobacco Inc (JT), Imperial Brands Plc and Altria Group Inc all raised their sales or profit targets, saying the industry had done better than expected, mostly in the United States and Europe.