Is British American Tobacco's 9.85% Dividend Yield Safe?

By Parkev Tatevosian, CFA – Dec 7, 2023 at 2:59PM

NYSE: BTI

British American Tobacco

Market Cap

$65B

Today's Change

(-0.51%) -$0.15

Current Price

$29.25

Price as of April 26, 2024, 4:00 p.m. ET

British American Tobacco stock is understandably attractive to passive income investors with its robust dividend yield.

Fool.com contributor Parkev Tatevosian reviews British American Tobacco (BTI -0.51%) with a focus on understanding the sustainability of its massive dividend yield.

*Stock prices used were the afternoon prices of Dec. 5, 2023. The video was published on Dec. 7, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends British American Tobacco P.l.c. and recommends the following options: long January 2024 $40 calls on British American Tobacco P.l.c., long January 2026 $40 calls on British American Tobacco P.l.c., and short January 2026 $40 puts on British American Tobacco P.l.c. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.