Gloomy earnings prospect casts shadow over BAT's attractive dividend yield

Gloomy earnings prospect casts shadow over BAT's attractive dividend yield

The Edge Markets - Malaysia·2019-11-01 11:58

KUALA LUMPUR (Nov 1): British American Tobacco (M) Bhd's dividend yield is getting appealing at above 6%. However, the tobacco manufacturer's share price drifted lower in the morning trading session, down 42 sen or 2.2% to RM18.40.

The attractive yield is not the result of an increase in dividend payment but the continued downtrend on share price.

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