British American Tobacco might have underperformed both the consumer staples sector and its peers in recent months, but that's just one way to look at the stock. It has posted positive price returns YTD, after a decline last year. The stock's forward P/E is competitive and forward dividend yield at 9.6% is robust too. The company's latest trading update points to encouraging gains in market share by vaping brand Vuse and nicotine pouches brand, Velo.
British American Tobacco sports a sky-high dividend yield and is rapidly growing its non-combustibles businesses. Tanger is thriving in the post-pandemic world as shoppers seek out bargains.
At its current share price, British American Tobacco's dividend yields 9.5%. Few stocks offer such robust dividend payments so reliably.
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British American Tobacco p.l.c. (NYSE:BTI ) 2024 First Half Pre-Close Trading Update Conference Call June 4, 2024 3:30 AM ET Company Participants Victoria Buxton - Group Head of Investor Relations Tadeu Marroco - Chief Executive Soraya Benchikh - Chief Financial Officer Conference Call Participants Rashad Kawan - Morgan Stanley Faham Baig - UBS Philip Spain - JPMorgan Rey Wium - SBG Securities Richard Felton - Goldman Sachs Simon Hales - Citi Operator Hello, and welcome to the BAT Pre-Close Trading Update.
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British American Tobacco stock now yields nearly 10%. While cigarette sales are declining, it's found growth in new products.
British American Tobacco is one of the largest tobacco companies in the world, and has a dividend yield approaching 10%. It generates solid cash flows from cigarettes, but their sales volumes are declining.
British American Tobacco has been dealing with a declining cigarette market, particularly in the U.S. The company looks to shift more of its revenue to non-combustible products. The stock is cheap and the dividend looks safe, given its leverage and cash flow generation.
British American Tobacco is one of the world's largest producers of cigarettes. The company has been successfully shifting away from the declining cigarette business.
Markets spooked by the Fed's language on inflation progress, causing uncertainty on rate cuts. Dividend Harvesting Portfolio retraces slightly but still generates respectable dividend income. Portfolio composition shows diversification and focus on sustainable dividend income.