British American Tobacco: dividend yield of 9.6% plus tax advantage

Gemäß einem Bericht von amp.focus.de, ist British American Tobacco (BAT), einer der größten Zigarettenhersteller der Welt, bekannt für seine hohe Dividendenrendite von 9,6%. Der Artikel betont, dass Tabak- und Zigarettenhersteller traditionell gute Dividendenzahler sind, obwohl das Rauchergeschäft seit Jahren rückläufig ist. BAT hat auf diesen Trend reagiert und ist in das Geschäft mit weniger schädlichen Produkten wie E-Zigaretten und Kautabak eingestiegen. Trotz des schrumpfenden Umsatzes sprudeln die Gewinne der Tabakhersteller, und BAT verzeichnete 2022 einen Umsatzanstieg von 7,7%. Die Dividende von BAT steigt im langfristigen Trend und wird vierteljährlich gezahlt. Darüber hinaus entfällt in Großbritannien keine Quellensteuer, wodurch die Ausschüttung von BAT steuertechnisch einer deutschen Dividende gleichgestellt ist.

From an economic perspective, the tobacco industry is struggling with comprehensive smoking and advertising bans, educational campaigns and rising tobacco taxes. According to a WHO forecast, the number of daily smokers in Germany will be reduced by almost 27% to 12.8 million by 2025. This development has an impact on the market as demand for traditional tobacco products continues to decline.

However, the tobacco industry has responded with new products such as e-cigarettes and chewing tobacco that are seen as less harmful to health. BAT achieved a 14.8% share of sales from these new products, while 83% of the group's sales still come from sales of traditional tobacco products.

The impact on the consumer is twofold. On the one hand, consumers can benefit from a stable dividend yield because BAT is considered a reliable dividend payer. On the other hand, smokers are affected by increasing restrictive measures and higher tobacco taxes, which may lead to higher costs for tobacco products.

The industry continues to be influenced by the tax environment. In Germany, the tobacco tax is one of the most profitable federal taxes. The fact that there is no withholding tax on dividends in the UK can also have an impact on the market and companies' tax decisions.