British American Tobacco set for faster growth as smokeless bet pays off, says Jefferies

British American Tobacco PLC (LSE:BATS) could deliver years of accelerating growth as its investment in smokeless products starts to pay off, according to Jefferies. The broker, which rates the shares "buy" with a 5,500p target, said the company is at a turning point, with next-generation products set to drive around half of group revenue growth in the medium term.

Proactive Investors • Sep 18, 2026

4 Tobacco Stocks Turning Huge Cash Flow Into High-Yield Dividends

Tobacco companies spend almost nothing on new equipment yet generate billions in cash, and a handful of US-listed names funnel that surplus straight into shareholder pockets through yields that most sectors cannot touch.

24/7 Wall Street • Sep 18, 2026

British American Tobacco vs Altria: Which High-Yield Dividend Stock Is the Better Buy

Altria and British American Tobacco both flood retirement accounts with cash, but the tobacco giant pulling ahead on growth, valuation, and smokeless momentum is not the one with 60 consecutive dividend raises.

24/7 Wall Street • Sep 16, 2026

4 High-Yield Dividend Stocks to Own for the Next Decade

British American Tobacco and Verizon both have high yields and are growing their dividends. Income Realty pays a nice monthly dividend that it continues to grow.

The Motley Fool • Sep 16, 2026

Zacks Industry Outlook Philip Morris, British American Tobacco and Altria

Philip Morris, British American Tobacco and Altria have been highlighted in this Industry Outlook article.

Zacks Investment Research • Sep 14, 2026

5 Dividend Powerhouses Yielding Above 5% That Wall Street Still Backs

With S&P 500 dividend yields at historic lows, finding a payout above 5% that Wall Street still trusts feels nearly impossible.

24/7 Wall Street • Sep 12, 2026

3 Tobacco Stocks to Watch Amid Changing Industry Dynamics

PM, BTI and MO are navigating volume pressure and rising costs by expanding smoke-free portfolios and adapting to shifting consumer demand.

Zacks Investment Research • Sep 11, 2026

British American Tobacco: A Long-Term Perspective On This 6% Yielder

British American Tobacco's Modern Oral segment grew 65.9% in H1'26 and is now the company's largest New Category while holding a 39.2% volume share in top markets. Sweden, Norway, Poland, and the US show how oral nicotine expands the pool of users as cigarettes decline. A reverse DCF shows that the shares at $55 look to price Modern Oral at a mere 16% CAGR, while this segment has been compounding at 47-66% recently.

Seeking Alpha • Sep 3, 2026

British American Tobacco: The Pullback Is A Gift For Income Investors

British American Tobacco offers compelling value trading at 11.5x forward earnings with a 6% dividend yield. NGP revenue grew 18% YoY, with Velo now the global leader in Modern Oral and strong U.S. market share gains. Management guides for 5–8% adjusted EPS growth in 2026, supported by NGP momentum and improving profitability.

Seeking Alpha • Sep 2, 2026

Dividend Harvesting Portfolio Week 286: $28,600 Allocated, $3,258.87 In Projected Dividends

The Dividend Harvesting Portfolio delivered a 45.22% ROI, with annualized income rising from $7.44 to $3,258.87 since inception. Despite market volatility and Fed rate hike fears, I continue adding to REITs, GPIQ, and PDI, capitalizing on depressed valuations and high yields. Forward dividend income now projects a 7.85% portfolio yield and an 11.39% yield on cost, with compounding reinvestment driving robust YoY income growth.

Seeking Alpha • Aug 24, 2026