MASSIVE Dividend Stock Purchase (My Dividend Income Skyrockets 11.8%)

I recently made a massive dividend stock purchase that increased my forward dividend income by 11.8%. In 2024, I will enjoy more passive income than ever before thanks to this bold move. Only time will tell if the calculated risk pays off.
#dividend #stock #investing

Timestamps:
0:00 Introduction
0:15 My projected dividend income is up a staggering 11.8% from this single dividend stock trade.
0:45 My Core 4 (SBUX, JNJ, PEP, MCD) becomes My Core 5 (SBUX, JNJ, PEP, MCD, MO)
1:08 My new number 5 position is Altria (MO).
1:22 SEGMENT 1: ALTRIA (MO) DIVIDEND STOCK METRICS
1:49 I get a forward PE of 8.99 for 2023 and 8.72 for 2024, based on Y! Finance estimates.
2:00 Based on company press release, I get a forward 2023 PE of 8.19.
2:49 I feel like I crushed 2024 before 2024 even started.
3:03 Starting dividend yield is 9.75% (qualified dividends).
3:26 Dividend increases by 4.1% on average per year.
4:43 SEGMENT 2: WHY I BOUGHT SO MUCH ALTRIA (MO)
4:55 Shout-Out: thedividendmonster over on Instagram, check him out!
5:13 Check out the pinned comments for my interviews with Greg.
5:37 SLIDE 1: I invest in the best brands in the world. I'm a brand name investor!
6:38 They have faced some troubles with newer technologies, but I think they are on the right path.
7:04 I think the NJOY acquisition will be huge.
8:18 SLIDE 2: I love buying quality that's on-sale. PE ratios in the 8s for one of the most successful companies of all time is crazy!
9:12 I see the tradeoff between MO's value and interest rates being favorable.
10:21 SLIDE 3: Hedge against possible terrible future for our world (but hope for the best)
11:00 Starbucks is a bet on a bright future for our world, because so much emphasis is placed on China.
11:22 Altria (MO) is different. It's not a bet on a bright future. It will do great in bad times.
12:56 SLIDE 4: Return of All Invested Capital In 10 Years (or Less)
14:02 SLIDE 5: I see this as an "Income Factory" style stock.
14:16 I'm fine with no future dividend increases. I'm fine with some capital erosion.
14:57 SLIDE 6: Now Vs. Future (This is a "now" stock.)
15:12 They make the vast majority of their earnings from the traditional combustible market. Then, they make some money from oral/chewable too.
16:55 Altria (MO) drives the passive income that I can use right now. I don't have to wait at all.
17:13 SEGMENT 3: RISK FACTORS WITH ALTRIA (MO) STOCK
17:50 They have been able to overcome volume declines, so far. Will that continue in the future? (There are signs of risk.)
18:22 The new businesses will have to take over, but so far they are very small.
19:13 iQOS was a failure (in the US) due to alleged patent infringement.
20:55 Altria commands the most powerful brand in the US!
22:01 9 MONTHS ENDED SEP 30 LOOKS BAD
23:16 MY EARNINGS ANALYSIS
23:53 Real EPS is dropping by about -10.6% over the comparable 9-month periods.
25:28 DISCLOSURE AND DISCLAIMER

DISCLOSURE: I am long Altria (MO), Philip Morris International (PM), British American (BTI), Starbucks (SBUX), Johnson & Johnson (JNJ), PepsiCo (PEP), and McDonalds (MCD). I own these stocks in my personal dividend stock portfolio.

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