2 Reasons to Buy British American Tobacco Stock at the End of 2024 and 2 Reasons to Avoid It for Now

As 2024 comes to a close, British American Tobacco's (NYSE: BTI) stock is sitting on a roughly 25% year-to-date price gain. That's a pretty rapid advance, particularly for a company that is largely viewed as an income investment, with most of the rally happening over a six-month period, between April and September. Is this cigarette maker worth buying after the price advance, or is there now even more reason to avoid the stock? Here's a look at four key issues you need to consider when making your call. The one thing that has likely drawn most investors to British American Tobacco is still the biggest reason to like the stock: its dividend yield. Even after this year's price advance, the yield is still 8%, which is far better than the S&P 500 index's 1.2% or the average consumer staples stock's yield of about 2.5% (based on the Consumer Staples Select Sector SPDR ETF as a proxy for the industry).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool