Latest news with #BritishPounds
Hans India
30-04-2025
- Business
- Hans India
Devotees donate over Rs 3.61 cr to Srisailam temple
Srisailam: The authorities of Sri Bhramarambha Mallikarjuna Swamy Temple in Srisailam have completed the counting of offerings made in the temple hundis over a 28-day period, from April 1 to April 28, 2025. In a press release issued on Tuesday, the temple officials reported that devotees contributed a total of Rs. 3,61,42,016 in Indian currency during the period. In addition to cash offerings, the hundis also contained gold ornaments weighing 105.400 grams and silver articles totalling 4.860 kilograms, according to the authorities. Foreign currency was also found among the offerings. The temple received: 644 US Dollars, 670 British Pounds, 115 UAE Dirhams, 54 Singapore Dollars, 50 Saudi Riyals, 25 Canadian Dollars, 40 South African Rands, 5 Ghanaian Cedes, 1 Kuwaiti Dinar, 2,000 Central African Francs, 100 Omani Baisa. Temple Executive Officer M. Srinivasa Rao personally oversaw the counting process, which was conducted under tight security and continuous CCTV surveillance.
Yahoo
02-03-2025
- Business
- Yahoo
This Ultra-High Dividend Stock Is Approaching an 8% Yield: Does That Make It a Buy Right Now?
High dividend yields are a double-edged sword. On the one hand, you can get a sizable amount of cash back from these investments each year. On the other hand, a high dividend yield is indicative of business weakness, which may lead to poor stock price performance and a potential cutting of the dividend in future years. One of the few large stocks approaching a dividend yield of 8% is British American Tobacco (NYSE: BTI). The tobacco and nicotine conglomerate is dealing with sector headwinds and business missteps, but it also generates robust cash flow and trades at a cheap earnings multiple. With the stock's dividend yield approaching 8%, Wall Street is saying that the business will struggle in the coming years. If the business ends up being fine and the dividend keeps growing, investors may look back a few years from now and say this was a phenomenally cheap stock. But which is the more likely scenario? Is British American Tobacco a buy here? Or is Wall Street right about the tobacco giant? Through a long history of mergers and acquisitions, British American Tobacco owns some of the most storied cigarette brands around the world. Camel, Newport, and Lucky Strike make up its globally spanning product portfolio, which has generated heaps of profits every year. However, customer volumes are now under fire. Volume declines in cigarettes have begun to accelerate in many countries, especially the United States. While that's good for global health outcomes and celebrated by society, it's a headwind to British American Tobacco's business. Last year, combustibles volumes declined by 9% year over year, with sharp declines in the United States. Despite price hikes, the combustibles revenue declined by 4% year over year in 2024 in local British Pounds, although when adjusted for foreign currency movements and the selling of the Russian business, revenue in combustibles was flat compared to 2023. Management is expecting more headwinds in 2025 with new excise taxes planned in Bangladesh and Australia, which will weigh on combustibles volumes. The business isn't going to zero overnight and will generate profits for many years, but it is a business undoubtedly in terminal decline. British American Tobacco is well aware of the decline in its cigarette business, and has been planning for its future for many years. It has incubated or purchased multiple brands in new nicotine products, including nicotine pouches, heat-not-burn devices, and electronic vaping. Over the next five to 10 years, management expects this segment to drive most of the growth for British American Tobacco and eventually lead to growth in bottom-line profits. In 2024, new categories revenue grew 8.9% year over year to 3.6 billion British Pounds, equivalent to around $4.56 billion in U.S. dollars. While any growth is good, these brands only made up 13% of overall revenue in 2024 and contributed minimally to profitability. Compare that to Philip Morris International, where close to half of revenue now comes from new nicotine products, and you can see that British American Tobacco is well behind in this nicotine sector transition. Investors need to watch this line item closely in the years to come. If growth can accelerate and eventually replace the lost revenue in cigarettes, British American Tobacco's profit generation may extend further than Wall Street is expecting at the moment. Even though the business is not in the best shape today, I think British American Tobacco's 7.7% dividend yield is sustainable. In fact, I expect its dividend per share to grow consistently in the years to come. In 2024, British American Tobacco generated $12.8 billion (in U.S. dollars) in operating cash flow and $10 billion in free cash flow. After paying dividends, its free cash flow was $3.41 billion. After years of high debt levels, the company's debt ratios have come down, which will allow it to grow its dividend per share along with buying back more stock (which it plans to do in 2025). All this being said, British American Tobacco has plenty of room to grow its dividend payout in the next five years, even if its cash flow doesn't grow. With steady growth coming from the new nicotine products and healthy leftover cash flow after dividend payments, I believe British American Tobacco is a good dividend stock to buy today, despite the ugly numbers coming from its cigarette segment. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $323,920!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $45,851!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $528,808!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of February 24, 2025 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool recommends British American Tobacco P.l.c. and Philip Morris International and recommends the following options: long January 2026 $40 calls on British American Tobacco and short January 2026 $40 puts on British American Tobacco. The Motley Fool has a disclosure policy. This Ultra-High Dividend Stock Is Approaching an 8% Yield: Does That Make It a Buy Right Now? was originally published by The Motley Fool Sign in to access your portfolio
