2 Top Dividend Stocks in E-Cigarettes
For investors who can accept holding a sin stock or two, cigarette makers have offered some of the most reliable and highest-yield dividends on the market. Backlash from the public and ever-tighter anti-smoking laws have constricted the business for traditional combustible cigarettes; e-cigarettes have emerged to help make up for those losses.
Even though the category's sales are nowhere near those of traditional smokes, their popularity has grown steeply and should continue to do so. According to consultancy Research and Markets, the worldwide market for them is set to grow at a compound annual growth rate of almost 17% over the next five years to reach almost $28 billion. This, despite a set of burdensome regulations the FDA recently imposed.
With that in mind, here's a glance at two classic cigarette producers that should continue to pay generous dividends, helped by their stake in the e-cigarette segment.
Source: Fool.com
Altria Group Inc. Stock
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -1.0% for Altria Group Inc. as the target price of 46 € is below the current price of 46.47 €.
