Want $1,000 in Dividend Income? Here's How Much You Have to Invest in British American Tobacco Stock

Group 1 - Tobacco companies have been solid dividend plays for many years despite concentrated anti-smoking movements globally, as there remains a significant consumer base for tobacco products [1] - The tobacco industry continues to be profitable due to high-margin sales, even though overall sales growth is limited [2] - British American Tobacco (BAT) has a long history and a portfolio of well-known brands, including Camel, Lucky Strike, and Newport, along with a vape product, Vuse [5] Group 2 - BAT's annual revenue has been relatively stagnant this decade, with a notable 8% year-over-year increase in 2022, while its free cash flow (FCF) has consistently increased, reaching over 8.7 billion British pounds ($11.3 billion) in 2023 [6] - BAT's dividend payouts exceeded 5 billion pounds ($6.5 billion) in 2023, supported by its strong cash flow [6] - To achieve $1,000 in annual dividends from BAT, an investment of just under $10,884 is required, based on the current stock price of $32.20 per share and a quarterly dividend of $0.74 per share [7]