British, American Tobacco: Buy, Sell, or Hold?

Is the high-yielding tobacco stock a buy?Historically, tobacco stocks such as British American Tobacco (BTI -0.24%) have been top-notch dividend payers, but with smoking in secular decline, it's not fully clear if these stocks are reliable high-yield dividend payers or yield traps.British American Tobacco is clearly rewarding dividend investors with a dividend yield of 9.8%, but is the stock a buy today? To answer that question, let's look at the reasons to buy, sell, or hold the stock.Arguments to buy Brit ...