Posted 3/24/2024, 10:15:00 AM
Tobacco Giants Rake in Cash for Investors as Cigarette Sales Decline
- Forget buying a rental property - dividends stocks can provide better passive income
- Altria Group sells cigarettes and raises prices to offset declining volumes, fueling dividends
- Altria also sells stakes in other companies to fund share buybacks and boost dividends
- British American Tobacco sells cigarettes globally and is growing "new categories" like vaping
- A $50K investment in Altria and British American Tobacco could generate $4,500 in annual dividends
