And just like that, the next purchase is under our belts..
38 Shares of British American Tobacco (BTI) were purchased at $66.90.
Using a dividend of .57, this should add around $85 to the income total for next year.
Although not at its lowest level of the year, it is about 8% off of its highs set back in June. They are still trying to absorb the RAI purchase and they recently announced that they will be moving to quarterly dividend payments.
I like tobacco/sin stocks and MO took off and I already went down the PM road for a while with lack luster results over the course of 3 years. Therefore, it was time to give BTI a try. I loved my LO and RAI positions and this company has parts of both!
What do you think? Good Purchase?