2024-06-11 08:15:00 ET
If you're a dividend investor, you've probably considered buying some tobacco stocks if you don't already own them.
The tobacco sector has long been ripe terrain for income investors. These stocks tend to generate wide profit margins, have recession-proof business models, and require relatively little spending on capital expenditures or research and development, so they return most of their profits to investors.
Two of the world's largest, best-known tobacco stocks are Philip Morris International (NYSE: PM) and British American Tobacco (NYSE: BTI) . There's a good case for including both in any dividend stock portfolio, especially one focused on high-yield stocks. But if you had to choose between the two, which is the better buy today?
For further details see:
Best Stock to Buy Right Now: Philip Morris International vs. British American Tobacco