Many investors may be willing to give the big tobacco companies a second look for their huge dividend yields and resilience in difficult economic conditions. With modest valuations, tobacco stocks may very well be one of the few places to shelter from inflation and macroeconomic headwinds. However, despite the juicy dividends and modest valuation metrics, tobacco stocks will always lie in a moral no man's land. Indeed, the ethical concerns surrounding the tobacco industry have existed for quite some time. Such "sin stock" discounts could expand further as a new generation of young investors looks to put money into markets with a greater emphasis on ESG factors.
https://www.tipranks.com/news/article/tobacco-stocks-large-dividends-not-worth-sinning-over?utm_source=advfn.com&utm_medium=referral
Philip Morris (NYSE:PM)
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