1 Yields 8.6%, Another 6.5% -- but Which Is the Best Dividend Stock to Buy for Passive Income Investors?

By Parkev Tatevosian, CFA – May 16, 2024 at 5:00AM

NYSE: MO

Altria Group

Market Cap

$79B

Today's Change

(1.78%) $0.81

Current Price

$46.25

Price as of May 31, 2024, 4:00 p.m. ET

Passive income investors looking to generate dividend income have two excellent choices here.

Fool.com contributor Parkev Tatevosian compares two high-yield dividend stocks to determine which is better for passive income investors.

*Stock prices used were the afternoon prices of May 13, 2024. The video was published on May 15, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.