10 Best FTSE Dividend Stocks To Buy Now

7. British American Tobacco p.l.c. (NYSE:BTI)

Dividend Yield as of January 3: 8.12%

Number of Hedge Fund Holders: 24

British American Tobacco p.l.c. (NYSE:BTI) produces and sells tobacco and nicotine products globally, including vapor, heated, and oral nicotine products, as well as traditional cigarettes and smokeless products like snus and moist snuff.

British American Tobacco p.l.c. (NYSE:BTI) is focused on giving shareholders strong returns through its dividend and share buybacks, aiming for 3-5% revenue growth and mid-single-digit profit growth by 2026. The company is seeing progress in key areas, including its combustibles business in the US, where investments are paying off despite the challenges posed by illicit vapor products. British American Tobacco p.l.c. (NYSE:BTI)’s New Category products like Vuse, glo, and Velo are also doing well, with Vuse leading globally and seeing solid growth in regions like Asia Pacific, the Middle East, and Africa. New innovations, like the glo Hyper Pro, are helping improve performance. British American Tobacco p.l.c. (NYSE:BTI) is expecting a high cash flow conversion in 2024 and is maintaining strong cash generation, positioning itself for continued growth despite some hurdles in the market.

On December 19, British American Tobacco p.l.c. (NYSE:BTI) declared a $0.743 per share quarterly dividend. The dividend is distributable on February 6, 2025, to shareholders on record as of December 20. BTI has increased its dividend annually since 2018, making it one of the best FTSE dividend stocks on our list.

British American Tobacco p.l.c. (NYSE:BTI) was found in 24 hedge fund portfolios at the end of Q3 2024. Rajiv Jain’s GQG Partners is the biggest stakeholder of the company, with 13.70 million shares worth $501.3 million.