BTI - Forget Buying a Rental Property: Passive Investors Should Buy This Spectacular Dividend Stock Yielding Close to 10% Instead
2024-06-01 14:13:00 ET
Tobacco companies used to be among the darlings of the stock market. With growing cash flows each and every year, they made long-term shareholders a lot of money. But that has changed in recent years.
Over the last 10 years, British American Tobacco (NYSE: BTI) -- one of the largest tobacco/nicotine companies in the world -- has produced a total return of negative 6%, while the S&P 500 is up 231%. This includes the robust dividend payments it distributes to shareholders every quarter.
Today, its dividend yield has risen to just under 10%. With technology stocks pushing to new all-time highs, this forgotten tobacco giant looks increasingly undervalued. Is British American Tobacco an income investor's dream right now?
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Forget Buying a Rental Property: Passive Investors Should Buy This Spectacular Dividend Stock Yielding Close to 10% Instead