Best Tobacco Dividend Stocks - For High Returns in 2024

The tobacco industry, despite ongoing regulatory challenges and shifting consumer preferences, remains a stronghold for dividend-seeking investors. Many tobacco companies have a long history of providing consistent and attractive dividend payouts, making them a key focus for income investors. With established global brands, high profit margins, and strong pricing power, tobacco companies often demonstrate resilience in both stable and uncertain market environments. We’ll dive into the top tobacco dividend stocks, exploring why this sector continues to be a reliable source of steady income for investors looking to diversify their portfolios with high-yield stocks.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
British American Tobacco10.02%-28.20%-2.85%1.21%-0.43%0.63%-4.26%
Japan Tobacco3.21%68.80%7.51%0.85%0.12%0.00%0.00%
Universal5.76%64.59%11.43%0.98%0.09%4.11%4.75%
ITC2.91%0.00%28.79%7.86%0.28%11.18%5.24%
Turning Point Brands0.45%10.08%22.81%5.83%0.28%9.52%0.00%
RLX Technology0.44%17.31%31.47%1.07%0.03%0.00%0.00%
Altria6.96%66.57%9.42%-27.94%-2.72%5.06%7.63%
Philip Morris International4.05%82.53%20.51%-20.80%-0.96%2.74%3.68%
Vector4.00%63.35%11.54%-3.23%-0.27%-18.53%-9.74%
KT&G4.37%67.46%14.12%1.49%0.10%5.39%4.97%
Smoore International0.87%17.32%38.33%2.92%0.08%0.00%0.00%
China Tobacco International1.93%23.10%28.19%5.81%0.22%0.00%0.00%
VST Industries4.17%0.00%22.86%4.90%0.20%14.12%9.15%
Godfrey Phillips India0.97%0.00%33.03%6.34%0.22%40.63%0.96%
Wismilak Inti Makmur13.91%85.36%6.14%0.88%0.14%0.00%0.00%