Want $500 in Annual Dividend Income? Here's How Much You'd Have to Invest in British American Tobacco Stock
It's no secret among income investors that tobacco stocks are some of the best places to look for high dividend yields.
Tobacco companies have long been the source of reliable profits, and they've historically returned much of those profits to investors through dividends, not having to spend much on things like research and development or capital expenditures. Even today, in an era when cigarette sales continue to decline, tobacco stocks still pay generous dividends.
British American Tobacco (NYSE: BTI), the owner of popular brands Camel, Lucky Strike, and Newport, fits that mold well as the stock currently sports a dividend yield of 9.6%.
Source Fool.com