Lorillard Continues Its Monster Move (LO)

Up more than 20% year to date, shares of Lorillard Inc. LO continue to be a monster. Investors and traders are seeking safety in high-dividend paying names, and Lorillard has a 5.8% yield, backed by its profits from selling menthol cigarettes. At last check, shares of the tobacco company were up $1.19 to $98.62, a gain of 1.22%. Lorillard, Inc. is the manufacturer of cigarettes in the United States. Its Newport is a menthol flavored premium cigarette brand.