Reported 4 months ago
Investors looking for high-yield dividend-paying stocks may consider British American Tobacco (NYSE: BTI) with a 9.5% yield but a declining cigarette market. The company aims to shift focus to non-combustible products, generating half its revenue from these products by 2035. Despite a well-covered dividend, the stock is relatively inexpensive but is a slow-growth company in a declining industry. Overall, it could be a hold for income-oriented investors seeking a high yield, with preference going to Philip Morris International for its growth in non-combustible products.
Source: YAHOO