Better High-Yield Dividend Stock: Altria or British American Tobacco?
These stocks look like twins at first glance, but a deeper look reveals key differences.
Sin stocks, such as tobacco companies, aren't for everyone, but they make excellent dividend stocks due to their entrenched and resilient business models and huge profit margins, which allow them to send most of their profits to shareholders.
Altria Group (NYSE: MO) and British American Tobacco (NYSE: BTI) are industry leaders with many similarities, including outsized dividends that yield around 7% at their current share prices.
But which company would be a better fit in your portfolio? The tobacco industry is evolving, and one company is adapting better.
