British American Tobacco's (BTI) Dividend History Makes it a Safe Bet in Dividend Stocks to Buy Under $100

British American Tobacco p.l.c. (NYSE:BTI) is included among the 13 Best High Dividend Stocks to Buy Under $100.

British American Tobacco p.l.c. (NYSE:BTI) is a British multinational company that manufactures cigarettes, tobacco, and other related products. The company has grown into one of the biggest names in the industry, largely thanks to its $49 billion acquisition of Reynolds American in 2017. The company now owns a portfolio of well-known cigarette brands such as Camel, Newport, Dunhill, Natural American Spirit, and Lucky Strike, along with newer alternatives like Vuse vaporizers, Glo heated tobacco devices, and Velo nicotine pouches.

Like its peers, British American Tobacco p.l.c. (NYSE:BTI) is working toward shifting a greater share of its business to next-generation products. Still, cigarettes remain its primary revenue driver. The company had aimed to generate around £5 billion (nearly $6 billion) in next-gen sales by 2025, but recent US restrictions on disposable products are expected to keep it from hitting that goal.

What sets British American Tobacco p.l.c. (NYSE:BTI) apart from rivals is its global reach. Unlike companies focused mainly on the US or specific international markets, BAT offers investors broad exposure across the entire tobacco sector. Its product lineup spans cigarettes, heated tobacco, vaporizers, and chewing tobacco, making it one of the best dividend stocks under $100.

British American Tobacco p.l.c. (NYSE:BTI) has raised its payouts every year since 2018. The company currently offers a quarterly dividend of $0.7391 per share and has a dividend yield of 5.61%, as of September 18.

While we acknowledge the potential of BTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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