Top 38 Tobacco Dividend Stocks for High Returns in 2023 

As an investor, you’re always on the hunt for the next big opportunity that can help you grow your portfolio. What better way to do that than by investing in tobacco stocks that pay dividends? 

Tobacco companies typically have defensive characteristics, which means that they tend to perform well during economic downturns and offer a predictable revenue stream. 

Best Tobacco Dividend Stocks 

1. Philip Morris International Inc. (PM)

Philip Morris International Inc. is a leading tobacco company that operates in over 180 countries and has a diverse range of tobacco products, including IQOS, a smokeless cigarette alternative. PM’s strong global presence, diverse product portfolio, and focus on innovation make it a top choice for investors looking for exposure to the tobacco industry. 

>> Philip Morris Dividend History

2. Altria Group Inc. (MO) 

Altria Group Inc. is a diversified tobacco company that also offers wine products. Altria is known for its strong dividend payouts, which it has consistently increased for over 50 years. With a focus on delivering value to shareholders, Altria is a reliable investment option for those seeking stable returns. 

>> Altria Dividend History

3. British American Tobacco plc (BTI) 

British American Tobacco plc is a global tobacco company that has a strong presence in emerging markets. With a diverse product portfolio, including traditional tobacco products, vaping devices, and nicotine pouches, BTI is well-positioned to capture the growing demand for alternative tobacco products. 

>> British American Tobacco Dividend History

4. Imperial Brands PLC (IMBBY) 

Imperial Brands PLC  is a British multinational tobacco company that offers a range of cigarette and tobacco products. IMBBY’s focus on innovation and portfolio diversification, including the launch of its myblu e-cigarette brand, make it an attractive investment option for those looking for exposure to the tobacco industry. 

>> Imperial Brands Dividend History

5. Japan Tobacco Inc. (JAPAF) 

Japan Tobacco Inc. is a Japanese multinational tobacco company that offers both tobacco and pharmaceutical products. With a strong focus on research and development, JAPAF is at the forefront of developing innovative and safer tobacco products. 

>> Japan Tobacco Dividend History

6. Universal Corporation (UVV) 

Universal Corporation is a leading tobacco supplier that offers leaf tobacco to a variety of tobacco product manufacturers. UVV’s extensive global supply chain and strong relationships with customers make it a reliable investment option for those looking to invest in the tobacco industry. 

7. Vector Group Ltd. (VGR) 

Vector Group Ltd. is a diversified holding company that offers tobacco and real estate products. With a high dividend yield and a focus on delivering value to shareholders, VGR is an attractive investment option for those seeking stable returns. 

8. Swedish Match AB (SWMAY) 

Swedish Match AB is a Swedish tobacco company that offers smokeless tobacco products. With a strong focus on product innovation, including the launch of its ZYN nicotine pouches, SWMAY is well-positioned to capture the growing demand for alternative tobacco products. 

9. Turning Point Brands, Inc. (TPB) 

Turning Point Brands, Inc. is a Kentucky-based tobacco company that offers a range of smoking products, including cigars and rolling papers. With a focus on innovation and a commitment to delivering value to shareholders, TPB is an attractive investment option for those seeking exposure to the tobacco industry. 

10. 22nd Century Group, Inc. (XXII) 

22nd Century Group, Inc. is a biotechnology company that specializes in plant-based ingredients for tobacco products. With a focus on developing low-nicotine tobacco products and plant-based alternatives to traditional tobacco, XXII is well-positioned to capitalize on the growing demand for healthier tobacco products. 

11. Alliance One International, Inc. (AOI)  

AOI is a leading global tobacco company that specializes in providing tobacco products and services to manufacturers worldwide. The company has a strong focus on sustainability and ethical sourcing, making it an attractive investment option for socially responsible investors. 

12. British American Tobacco Malaysia Berhad (ROTH: BTM)  

BTM is a leading tobacco company in Malaysia with a strong portfolio of brands, including Dunhill and Lucky Strike. With a focus on innovation and portfolio diversification, BTM is well-positioned to capture the growing demand for alternative tobacco products in the region.  

13. China National Tobacco Corporation (CNTC)  

CNTC is the world’s largest tobacco company, accounting for over one-third of global tobacco production. With a focus on innovation and sustainability, CNTC is well-positioned to capture the growing demand for alternative tobacco products in China and around the world.  

14. Coresta (CORES)  

CORES is a global association of tobacco companies that focuses on scientific research and development in the tobacco industry. As a leader in tobacco research and innovation, CORES is a valuable investment option for those seeking exposure to the tobacco industry.  

15. Eastern Company S.A.E. (EAST.CA)  

EAST.CA is a leading tobacco company in Egypt with a diverse range of tobacco products, including cigarettes, cigars, and waterpipes. With a strong focus on quality and innovation, EAST.CA is well-positioned to capture the growing demand for alternative tobacco products in the region.  

16. Gudang Garam Tbk PT (GDNG.JK)  

GDNG.JK is a leading Indonesian tobacco company with a strong focus on quality and innovation. With a diverse portfolio of brands, including Surya and GG Mild, GDNG.JK is well-positioned to capture the growing demand for alternative tobacco products in the region.  

17 Habanos S.A.

Habanos S.A. is a Cuban state-owned tobacco company that specializes in producing premium cigars. With a strong focus on quality and tradition, Habanos S.A. is a valuable investment option for those seeking exposure to the premium cigar market.  

18. Hauni Maschinenbau GmbH  

Hauni Maschinenbau GmbH is a leading global supplier of machinery and equipment for the tobacco industry. With a focus on innovation and technology, Hauni Maschinenbau GmbH is well-positioned to capture the growing demand for alternative tobacco products in the industry.  

19. ITC Limited (ITC.NS)  

ITC.NS is a leading Indian tobacco company with a diverse range of tobacco products, including cigarettes, cigars, and chewing tobacco. With a strong focus on sustainability and innovation, ITC.NS is well-positioned to capture the growing demand for alternative tobacco products in the region.  

20. KT&G Corporation (033780.KS)  

KT&G Corporation is a leading South Korean tobacco company that offers a diverse range of tobacco products, including cigarettes and cigars. With a strong focus on innovation and portfolio diversification, 033780.KS is well-positioned to capture the growing demand for alternative tobacco products in the region. 

21. Mandom Corporation (4917.T)  

Mandom Corporation is a Japanese tobacco and cosmetics company. With a focus on quality and innovation, Mandom Corporation is well-positioned to capture the growing demand for alternative tobacco products in the region.  

22. Nanyang Brothers Tobacco Co Ltd (NYB.TW)  

Nanyang Brothers Tobacco  is a Taiwanese tobacco company that specializes in producing premium tobacco products, including cigarettes and cigars. With a strong focus on quality and tradition, Nanyang Brothers Tobacco  is a valuable investment option for those seeking exposure to the premium tobacco market.  

23.National Tobacco Company (NTC.PA)  

National Tobacco Company is a French tobacco company that offers a range of tobacco products, including cigarettes, cigars, and pipe tobacco. With a focus on sustainability and innovation, National Tobacco Company is well-positioned to capture the growing demand for alternative tobacco products in the region.    

24. P.T. Hanjaya Mandala Sampoerna Tbk (HMSP.JK)  

P.T. Hanjaya Mandala Sampoerna is an Indonesian tobacco company that offers a diverse range of tobacco products, including cigarettes and cigars. With a focus on innovation and portfolio diversification, P.T. Hanjaya Mandala Sampoerna  is well-positioned to capture the growing demand for alternative tobacco products in the region.  

25. Reynolds American Inc. (RAI)  

RAI is an American tobacco company that offers a range of tobacco products, including cigarettes and smokeless tobacco products. With a focus on innovation and portfolio diversification, RAI is well-positioned to capture the growing demand for alternative tobacco products in the region.  

26. Scandinavian Tobacco Group A/S (STG)  

STG is a Danish tobacco company that offers a diverse range of tobacco products, including cigars, pipe tobacco, and chewing tobacco. With a strong focus on quality and innovation, STG is a valuable investment option for those seeking exposure to the premium tobacco market.  

27. Shenzhen International Holdings Limited (0152.HK)  

Shenzhen International Holdings is a Hong Kong-based tobacco company that offers a range of tobacco products, including cigarettes, cigars, and smokeless tobacco products. With a strong focus on innovation and portfolio diversification, Shenzhen International Holdings is well-positioned to capture the growing demand for alternative tobacco products in the region. 

28. Shenzhen Jinjia Group Co., Ltd. (002191.SZ)  

002191.SZ is a Chinese tobacco company that specializes in producing cigarettes and other tobacco products. With a focus on innovation and quality, 002191.SZ is well-positioned to capture the growing demand for alternative tobacco products in the region.   

29. Sutliff Tobacco Company  

Sutliff Tobacco Company is an American tobacco company that offers a range of tobacco products, including pipe tobacco and cigars. With a strong focus on quality and tradition, Sutliff is a valuable investment option for those seeking exposure to the premium tobacco market.   

30. Swiss Tobacco Company (STC)  

STC is a Swiss tobacco company that offers a range of tobacco products, including cigars and cigarillos. With a strong focus on quality and tradition, STC is a valuable investment option for those seeking exposure to the premium cigar market.   

31. The House of Lucky Cigar  

The House of Lucky Cigar is an American company that specializes in producing premium cigars. With a focus on quality and tradition, The House of Lucky Cigar is a valuable investment option for those seeking exposure to the premium cigar market.   

32. The Oneida Group  

The Oneida Group is an American company that offers a range of tobacco products, including chewing tobacco and snuff. With a strong focus on quality and innovation, The Oneida Group is well-positioned to capture the growing demand for alternative tobacco products in the region.  

 33. Top Tobacco LP  

Top Tobacco LP is a Canadian tobacco company that offers a range of tobacco products, including pipe tobacco and cigars. With a strong focus on quality and tradition, Top Tobacco LP is a valuable investment option for those seeking exposure to the premium tobacco market.   

34. V2 Tobacco A/S  

V2 Tobacco A/S is a Danish tobacco company that offers a range of tobacco products, including smokeless tobacco products and cigars. With a focus on innovation and portfolio diversification, V2 Tobacco A/S is well-positioned to capture the growing demand for alternative tobacco products in the region.   

35. Villiger Söhne GmbH  

Villiger Söhne GmbH is a German company that specializes in producing premium cigars. With a strong focus on quality and tradition, Villiger Söhne GmbH is a valuable investment option for those seeking exposure to the premium cigar market.   

36. West Indian Tobacco Company Limited (WCO.TT)

WCO.TT is a Trinidadian tobacco company that offers a range of tobacco products, including cigarettes and cigars. With a strong focus on innovation and portfolio diversification, WCO.TT is well-positioned to capture the growing demand for alternative tobacco products in the region.   

37. Xcaliber International Limited LLC

Xcaliber International Limited LLC is an American company that offers a range of tobacco products, including cigarettes and smokeless tobacco products. With a focus on innovation and portfolio diversification, Xcaliber International Limited LLC is well-positioned to capture the growing demand for alternative tobacco products in the region.   

38. Zig-Zag Tobacco Company (Zig-Zag)  

Zig-Zag is an American company that offers a range of tobacco products, including rolling papers and cigar wraps. With a strong focus on quality and innovation, Zig-Zag is well-positioned to capture the growing demand for alternative tobacco products in the region. 

Why Invest in Tobacco Dividend Stocks? 

Despite the declining smoking rates in many parts of the world and the increased health concerns around tobacco products, there is still a large smoking population that demands these products. Additionally, inelastic demand for tobacco products means that even as prices increase, people are still willing to pay for their nicotine fix. 

Investing in tobacco dividend stocks offers high dividend yields, strong dividend growth, and the potential for total returns. The companies in the list below offer exemplary dividend history and have a proven track record of generating free cash flow. 

What to Look for in Tobacco Dividend Stocks? 

When investing in tobacco dividend stocks, look for companies that have a manageable capital expenditure, strong financial metrics, and a history of providing value to their shareholders through dividend payouts and buyback programs. Cigarette brands, nicotine products, smoke-free products, and alternative products are all areas to consider when researching potential investments. 



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