Reported 4 months ago
British American Tobacco's main draw for investors is its high dividend yield of 9.5%, but it faces significant risk due to the ongoing decline in the cigarette market. The company recently made a subtle yet crucial change in how it views its U.S. tobacco business, projecting that it will become worthless over the next 30 years. This accounting shift signals the need for the company to focus on expanding its non-cigarette revenue streams for long-term sustainability.
Source: YAHOO