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That's a thinly-covered dividend, but if we assume that BAT's return on capital continues to improve back towards historical norms, BAT would have sufficient retained earnings to drive earnings and dividend growth at the scenario's 3% growth rate

E nforce comprehensive bans on tobacco advertising, promotion and sponsorship

Patents on vitamins and therapeutic ingredients in cigarettes

Legislation banning flavors was recently passed in an attempt to dissuade teen use

Tobacco is intended to be used for recreational purpose, but due to the presence of addictive alkaloids, people get highly addicted to tobacco and its products