Reported about 1 year ago
The US government and law enforcement agencies are gearing up to crack down on stores selling illegal disposable vaping devices, which could benefit British American Tobacco (NYSE: BTI) and its high-dividend yielding close to 10%. Despite disruptive competition from illegal vapes, British American Tobacco's approved vaping devices have shown growth; with its vapor segment revenue growing by 27% in 2023. The segment is on track to generate significant revenue and earnings, making this stock attractive for income-focused investors.
Source: YAHOO