5 Best FTSE Dividend Stocks To Invest In

On February 9, 2023, the company declared an interim dividend of £2.309 for each £0.25 ordinary share. This dividend will be paid out in four equal parts of £0.5772 per share in May 2023, August 2023, November 2023, and February 2024. The stock has a dividend yield of 9.28%, as of August 15.

The number of hedge funds tracked by Insider Monkey owning stakes in British American Tobacco p.l.c. (NYSE:BTI) grew to 22 at the end of Q1 2023, from 19 in the previous quarter. The total value of these stakes is over $1.34 billion.

Broyhill Asset Management mentioned British American Tobacco p.l.c. (NYSE:BTI) in its Q2 2023 investor letter. Here is what the firm has to say:

“In our year-end letter to investors, we explained why we had reduced our investment in Altria and reinvested the proceeds to increase our position in Philip Morris. This quarter, we exited the position completely, swapping our exposure for British American Tobacco p.l.c. (NYSE:BTI), as the valuation gap became too hard to ignore. Investors are rightly frustrated with the stock. In addition to the menthol ban, leadership change, and North Korea kerfuffle. BTI has mountains of debt piled on its balance sheet following the acquisition of Reynolds, which will limit options for capital allocation, namely more buybacks. While we’d love to see new management aggressively repurchasing stock at these prices – shares trade below 7x earnings – we don’t think buybacks are necessary for the investment to work from here.”