Investing

Why These 5 European Dividend Aristocrats (Some With Huge Yields) Are Incredible Q3 Buys

BofA Securities noted this in a recent report:

Momentum in Heat Not Burn continues with year-to-date market share up in the company’s key markets in Europe and in Japan driven by glo Hyper while at the same time Vuse continues to gain share of the vaping category (globally and in the US). Additional launches and further market rollouts planned for the second half of 2022 give us confidence that the strong momentum in non-combustibles will continue.


British American Tobacco stock investors receive a 6.75% dividend. BofA Securities has a $54 price target on the shares. The consensus target is $52.83, and the stock closed on Wednesday at $42.69 a share.

Diageo

One of the largest producers of alcoholic beverages in the world, Diageo PLC (NYSE: DEO) produces, markets and sells alcoholic beverages worldwide, including scotch whiskey, gin, vodka, rum, beer, Irish cream liqueurs, wine, Raki, tequila, Canadian and American whiskey, Cachaça and brandy, as well as adult beverages and ready to drink products. The company’s premium brands include Johnnie Walker, Smirnoff, Captain Morgan, Baileys, Tanqueray and Guinness.

Its reserve brands include Johnnie Walker Blue Label, Johnnie Walker Green Label, Johnnie Walker Gold Label 18-year-old, Johnnie Walker Gold Label Reserve, Johnnie Walker Platinum Label 18-year-old, John Walker & Sons Collection, Johnnie Walker The Gold Route, Johnnie Walker The Royal Route and other Johnnie Walker super-premium brands, as well as The Singleton, Cardhu, Talisker, Lagavulin and other malt brands.

Shareholders receive a 2.25% dividend. BofA Securities has a $200 price target on Diageo stock, and the consensus target is even higher at $231.18. The final trade for Wednesday was reported at $175.25.

Imperial Brands

This is another tobacco-related stock that pays a massive dividend to shareholders. Imperial Brands PLC manufactures, imports, markets and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia and elsewhere.

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