Image source: Getty Images.
Dividend yield: 8.0%
Even if you don t recognize the company s name, you ll certainly know its products. Marlboro, Virginia Slims, and many other cigarette brands are made by Altria s Philip Morris USA subsidiary. Altria also owns stakes in
Anheuser-Busch InBev, e-cigarette company Juul, cannabis company
Cronos Group, and a few other businesses that specialize in vices.
These are all tough markets to be in, for obvious reasons. These products are, on balance, not good for you. The anti-smoking movement is gaining traction (particularly in the U.S.), and while smokeless tobacco and other alternatives were meant to attract new customers to replace those that Altria was losing, more consumers are balking at prospective health risks these days. Sooner or later, this company just won t have much of a viable business.
Signatures filed for 2022 veto referendum to repeal California s ban on flavored tobacco product sales | California thecentersquare.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecentersquare.com Daily Mail and Mail on Sunday newspapers.