5 Cheap High Dividend Stocks To Buy Right Now

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

P/E Ratio as of November 11: 6.42
Dividend Yield as of November 11: 9.42%

British American Tobacco p.l.c. (NYSE:BTI) is next on our list of the best dividend stocks with high yields. The multinational tobacco company is mainly engaged in the manufacturing, distribution, and sale of tobacco and nicotine-containing products. The company currently pays a quarterly dividend of $0.7006 per share for a dividend yield of 9.42%, as of November 11.

As of the close of the June quarter of 2023, 22 hedge funds owned stakes in British American Tobacco p.l.c. (NYSE:BTI), according to Insider Monkey’s database. The consolidated value of these stakes is nearly $489 million.

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