Reported 18 days ago
As 2024 wraps up, British American Tobacco's stock has risen by about 25%, primarily driven by its attractive dividend yield of 8%. However, concerns linger due to declining cigarette sales and a significant write-off indicating terminal decline in its U.S. operations. While the company's new product categories show some growth potential, investors need to weigh the risks associated with its core business decline against the appeal of its high dividends.
Source: YAHOO