On 11 February 2022, the Company announced its intention to start a share buy-back programme of up to 2 billion
If I were one of your shareholders I would say, these guys are incompetent. Chairperson of UK Parliamentary Hearings into tobacco smuggling by multinationals The four big multinationals have faced credible smuggling charges in at least Canada, Aruba, Colombia, the US, Buenos Aires, Equatorial Guinea, Guinea, Nigeria, the DRC, Cyprus, Syria, South Africa, Rwanda, Burundi, Sudan, Cameroon, Somalia, Malawi, Mauritius, Zimbabwe, Philippines, Hong Kong and Russia
Its not a sexy stock pick, but it has outperformed for decades, and after the past five years of severe underperformance, is extremely cheap relative to its fundamentals
The dividend yield of British American Tobacco PLC is currently 5.38%