Dividends....

did some research tonight, focusing on MO and it turn out to be a great starting point to a lot of interesting stuff.

http://seekingalpha.com/article/105608-top-global-dividend-stocks - did you know that AT&T is yielding 6.5%? or Gannet 26%

Another great article on the topic http://seekingalpha.com/article/103606-a-buy-hold-forever-dividend-stock-portfolio

Then I ran into this interesting dude that has it's own ETFs??? - http://www.etfinnovators.com/search?q=tobacco

Followed by two articles about hedge fund managers holding (yeah MO is a common name)

http://seekingalpha.com/article/106561-hedge-fund-tracking-thiel-s-clarium-capital-q3-2008

http://seekingalpha.com/article/106765-what-are-some-of-the-best-hedge-fund-managers-doing

Note that Mr Thiel was holding XLF at the end of Q3!!

As for MO, I read the most recent 10Q (http://sec.gov/Archives/edgar/data/764180/000119312508223004/d10q.htm)

Earlier this year Altria spun off PMI (Philip Morris international) and divested their last holdings of Kraft through dividend to shareholders. Basically MO is now Phillip Morris USA + "financial services". The latter is a collection of leases that are slowly trying to unwind

Business Environment

PMCC remains focused on managing its portfolio of leased assets to maximize gains and cash flows from income generating assets, as well as asset sales and related activities. PMCC is not making new investments and expects that its operating companies income will vary over time as investments mature or are sold.

Lastly they made an offer to buy UST, that will happen next year, and they already lined up financing for the trasnaction.

I like my bonds and going to use the data on this post in the future to research few more dividend yielding stocks. Seems like something I'd like to buy next year.