Imperial Brands: The 11.3% Forward Yield Is Attractive Despite Long-Term Risks

Vladyslav Horoshevych/iStock via Getty Images Since I last wrote about the tobacco stock Imperial Brands (OTCQX:IMBBY)(OTCQX:IMBBF) in November, its price is up by 8.7% and total returns are up by 11.7%. Improvement in returns was expected, in line with my Buy rating on the stock and its ADRs at the time based on positive expectations for its financial year 2023 (FY23, year ending September 30, 2023) results. But tobacco companies are going through the process of creative destruction right now, each at  ...