Let's explore the reasons why MGM Resorts (NYSE: MGM) and Altria (NYSE: MO) could make slam-dunk investments because of their dirt-cheap valuations and exciting new growth drivers. Analysts at Morgan Stanley expect 12 new U.S. states to legalize sports betting and online gambling in 2021. MGM's management expects the combined sports betting and online gambling opportunity to be worth $20.3 billion by 2025, with a projected market share of 15% to 20%.
Lately, that's been a tough assignment, because many sources of investment income have almost completely dried up. With that in mind, here are the three top-yielding dividend stocks in the S&P 500, along with a closer look at whether their respective business models can keep them moving higher. At the top of the list is Lumen Technologies (NYSE: LUMN).
Altria Presents as Part of the Consumer Analyst Group of New York Conference; Reaffirms 2021 Full-Year Earnings Guidance