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Also, tobacco companies are collaborating with others to secure U.S. Food and Drug Association’s (FDA) approvals for their product pipelines. As a result, the next-generation tobacco products are likely to generate significant revenues for these companies. Furthermore, to attract investors, many tobacco companies are increasing their dividend yields.
Thus, we think high-yield tobacco companies Altria Group, Inc. (MO), Imperial Brands PLC (LON:IMB) (IMBBY), and Schweitzer-Mauduit International , Inc. (NYSE:SWM) are ideal investment bets now.
