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Scrap the BAT dividend – its not as daft as it sounds

By Tom Winnifrith | Tuesday 23 April 2024

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

As a shareholder in Imperial Brands (IMB) where the argument is the similar I have some sympathy. I like getting a dividend into my SIPP as it covers my costs and paying a regular dividend is a good discipline for a company. However, is there a case for scrapping the payout altogether? For a stock yielding almost 10% that would be a shock. But asset manager Tidefall Asset Management makes a good case. It has written to BAT Industries (BATS) as you can see below:
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