1 High-Yield Dividend Stock to Buy Now
The stock market is a popularity contest in the short run, and right now, shares of British American Tobacco (NYSE: BTI) are losing badly. The stock is down more than 50% from its all-time high as the company navigates an ongoing decline in cigarette consumption.
British American Tobacco is still a growing company, though, and it has a strategy in place to keep revenue and profits rising even as the world shifts away from cigarettes. For investors willing to bet on the beaten-down stock, a high dividend yield offers a nice incentive.
British American Tobacco is the quintessential sin stock. The negative health impacts of its products may deter some investors from considering this high-yield dividend stock. The fact that cigarette use is in perpetual decline, particularly in the United States, is another valid reason to stay away.
Source Fool.com
