Reported 12 months ago
British American Tobacco, a tobacco and nicotine products company, recently repurchased 150,000 shares of stock, highlighting common reasons companies conduct share buybacks, such as signaling value to the market and shareholders and enhancing earnings per share. Despite the company's past stock performance, which has fallen significantly, currently trading at a favorable forward P/E ratio and offering a high dividend yield, British American Tobacco presents a potential opportunity for investors seeking stable returns. The article also discusses the company's strategy to repurchase shares with the proceeds from divesting part of its stake in an Indian conglomerate.
Source: YAHOO