British American Tobacco plc (NYSE:BTI) is one of the UK’s highest-dividend stocks.
British American Tobacco plc (NYSE:BTI) has paid dividends for over two decades and currently pays a quarterly dividend of about $0.82 a share with a forward dividend yield of 5.67%
Early in the year, it increased its quarterly dividend by 2% to 245.04p. The company has also affirmed its commitment to delivering sustainable shareholder value through robust cash returns. Copyright: katechris / 123RF Stock Photo Earlier on June 2, Chief Executive Officer Tadeu Marrocco reiterated that British American Tobacco is on course to deliver its full-year guidance, driven by US delivery and new category momentum.
The company is projecting 3% to 5% revenue growth and 4% to 6% adjusted profit from operations growth. Adjusted earnings per share are expected to grow by between 5% and 8%. British American Tobacco is also optimistic about delivering operating cash flow conversion in excess of 95% in 2026.