Nov. 4, 2023 8:00 am ET
America’s cigarette market is in flux, and new smoking habits threaten to singe makers of pricey brands the most.
One of the attractions of investing in tobacco stocks has been cigarette manufacturers’ amazing ability to continuously grow their profits through price hikes, even though the industry is in long-term decline. This helps cigarette companies pay generous dividends to their shareholders.
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Source: finance.yahoo.com
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