Date: November 15, 2022
With a dividend yield of 9%, British American Tobacco may be a stock worth looking into for your dividend portfolio. However, the high dividend yield is not the only thing that makes this stock appealing.
Here are two reasons, besides high dividend yield. that make British American Tobacco stock appealing:
Reason 1: British American Tobacco has greatly focused on developing and marketing non-conventional smoking product lines such as Glo, Vuse, and Velo. These investments from the company seem to be paying off.
At the mid-year announcement, British American Tobacco reported a 45% growth in revenue from new categories. Furthermore, this is the segment that is expected to see exponential growth in coming years, thereby positioning this stock well for future success
Reason 2: Tobacco stocks have historically shown greater resilience to bear markets, making them perfect for your portfolio in the current market environment. That combined with solid revenue performance, and strong fundamentals makes this stock very appealing
Therefore, if your moral compass allows investing in tobacco stocks, British American Tobacco is worth a look.
