While the world turns its attention towards ESG and socially responsible investing, “sin stocks” are quietly doing what they always do – providing big returns and cash flows. And for our latest Best High Dividend Stocks Model Portfolio, being one of the reigning champions in its industry puts it in an enviable position versus many of its peers.
Our pick is one of the largest tobacco manufacturers on the planet, with some of the top brands in the space under its umbrella. This huge moat has long provided the company with ample cash flows despite regulatory/legal issues with regards to smoking.
And it continues to battle those legal issues with relatively ease. Despite a recent crackdown on e-cigarettes and smokeless tobacco, our pick has already begun the process of filing injunctions and legal action to keep its sales going. Based on history, it has a very good chance of winning these arguments.
In the meantime, our pick’s portfolio of other assets and interests provides plenty of diversification and cash flows while it navigates the tobacco legal waters. With 10+ years’ worth of increases under its belt, our pick makes an ideal high-yielding growth choice. Investors should watch for the stock ex-dividend on Tuesday, September 27 (estimated date).
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
