Could British American Tobacco Help You Retire a Millionaire?
British American Tobacco (NYSE: BTI) stock has lost more than half its value since 2017. That steep decline pushed the dividend yield up to more than 9%. That's a huge figure that is a function of the risk that Wall Street sees as this cigarette company attempts to deal with a very difficult business landscape.
Could that high yield present an opportunity for investors who want to achieve millionaire status by retirement?
From a big-picture point of view, British American Tobacco is trying to milk a cash cow business so that it can build up newer businesses to replace it. Along the way, it is pumping out cash to investors via dividends, too, so they stick around. This is a difficult balancing act, particularly when you consider that this consumer staples company's cash cow is cigarettes.
Source Fool.com
