Altria (MO) reached an all time high of $77.79/share in 2017. Today, the stock sells for $53.78/share as I write.
If you look at prices alone, you can reach all sorts of conclusions.
However, share prices do not really tell the whole story.
If you look at total returns, which takes into consideration the impact of reinvested dividends, you can see a different picture.
This post originally appeared at Dividend Growth Investor.