@cnn
Very commendable from BAT.
I'm placing my bet on kenya re to pull such a stunt.
same with safaricom. The two have been resilient in this bear run

Safaricom is already doing good for those who bought around 3.50bob and stood strong!!!!!

I did not have many BAT but I regret selling them off a few years ago. I think they were 250-ish back then. There was a movement against BAT/tobacco with higher taxes, more regulation, crackdown on ads, etc.
As a non-smoker, I thought smoking would reduce substantially with the higher prices on cigarettes but I under-estimated the will of smokers to smoke come what may.

I thought BAT's profits would stagnate but was I wrong... Profits have been increasing and with the 100% Dividend Payout.. it just gets better.

A well-managed PRIVATE firm.

*IMHO, a nasty & unhealthy habit and even if I were a shareholder, I would encourage people NOT to smoke*

And what a great dividend payer...

Warren Buffett famously stated, "I'll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It's addictive. And there's fantastic brand loyalty."