Tobacco and nicotine products company British American Tobacco (NYSE: BTI) recently said it had repurchased 150,000 shares of stock at an average price of about $32. Companies repurchase their stock all the time; once purchased, it’s taken out of circulation, which reduces the number of shares outstanding. Companies repurchase shares for various reasons, often to […]
Tag: Tobacco
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NC set to ban most vaping products. Would it protect kids or big tobacco?
Hundreds of e-cigarette products are likely be banned in North Carolina under new rules overwhelmingly approved by state lawmakers. The General Assembly gave its final approval Wednesday to legislation creating a vaping registry that only allows federally authorized vaping products to be sold in North Carolina. If Gov. Roy Cooper agrees, it would make most […]
Germany scraps controversial packaging rules for shisha tobacco
Germany’s Finance Ministry has revoked controversial rules for packaging of shisha tobacco which saw fierce backlash as well as some retailers going bankrupt. The government originally introduced the new regulation in 2022 to clamp down on tax evasion, which was seen as a frequent problem in shisha bars. Bars were buying large packages which they […]
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Philip Morris International vs. British American Tobacco
If you’re a dividend investor, you’ve probably considered buying some tobacco stocks if you don’t already own them. The tobacco sector has long been ripe terrain for income investors. These stocks tend to generate wide profit margins, have recession-proof business models, and require relatively little spending on capital expenditures or research and development, so they […]
Think You Know British American Tobacco? Here’s 1 Little-Known Fact You Shouldn’t Overlook.
The big draw for investors with regard to British American Tobacco (NYSE: BTI) is its huge dividend, which at the current share price yields 9.5%. The big risk for investors is the ongoing decline of the market for cigarettes, which is British American Tobacco’s biggest business line. That said, you may have missed a subtle […]
Proposed flavored tobacco ban had momentum. Then it went up in smoke
May 25—Advocates for banning the sale of flavored tobacco and vaping products began this year’s legislative session believing they had the wind at their backs. Polling indicated strong public support for their bill. A handful of municipalities adopted bans amid inaction at the state level. Members of the public came out in droves for the […]
With Shares Trading Down 55%, Is Now the Time to Buy This High-Yield Tobacco Stock?
Share prices of British American Tobacco (NYSE: BTI) have fallen roughly 55% since hitting a high-water mark in 2017. The dividend yield is now an incredibly high 9.4%. If you’re a dividend investor, is now the time to jump in? The answer isn’t an easy one. Why is British American Tobacco stock falling? Whenever a […]
Judge rules Ohio law that keeps cities from banning flavored tobacco is unconstitutional
An Ohio law prohibiting cities from banning the sale of flavored tobacco products is unconstitutional, a judge has ruled. The state is expected to appeal the ruling issued Friday by Franklin County Common Pleas Court Judge Mark Serrott, who had issued a temporary restraining order in April that stopped the law from taking effect. The […]
Where Will British American Tobacco Stock Be in 5 Years?
British American Tobacco (NYSE: BTI) reached a key goal in 2023 and it did it two years ahead of schedule. That’s a good outcome for a company that is facing an existential crisis. As you watch this global cigarette maker, you need to keep in mind both the progress it is making in other areas […]
Smoke shops take a hit as flavored tobacco ban upheld in Columbus
COLUMBUS, Ohio (WCMH) — Flavored tobacco sales will remain banned in the city of Columbus and several other Franklin County cities. A Columbus judge ruled Friday that a state law prohibiting cities like Columbus from banning tobacco sales is unconstitutional. A group of around a dozen cities including Columbus, Cleveland, Bexley, Grandview Heights, and Dublin […]