5 Best American Dividend Stocks to Invest In

3. British American Tobacco p.l.c. (NYSE: BTI)

Dividend Yield: 7.56%
Number of Hedge Fund Holders: 10

Like Altria Group, Inc. (NYSE: MO), British American Tobacco p.l.c. (NYSE: BTI) is another tobacco giant that has made the list of the 10 best American dividend stocks to invest in due to its high dividend yield above 7%. The company has grown its business due to a strategic combination of smart management choices and mergers.

British American Tobacco p.l.c. (NYSE: BTI) is diversifying its portfolio by including vaping, nicotine pouches, and tobacco heating products in its mix. Its recent investment in the company OrganiGram provides great potential for its stock which has been greatly undervalued to gain speed in the market. BTI paid an annual dividend of $2.73 per share in 2020 representing an annual payout growth rate of 3.60%.