Is British American Tobacco Stock a Long-Term Buy?
The stock emerged from a disastrous decade and could now outperform the market moving forward.
Tobacco stocks aren't for everyone. The fact that they deal in vices and sell addictive products is off-putting to some, while others skip over them in favor of faster-growing businesses. British American Tobacco (NYSE: BTI) is one of the industry's most prominent players, boasting a global presence and a diverse portfolio of cigarette brands and smoke-free nicotine products.
The stock's nearly 7% dividend yield offers firm short-term returns, which investors can appreciate when market volatility rises, as it has recently.
But can you trust British American Tobacco as a long-term holding in your portfolio? There are some risks, but the upside could surprise you.
