As more focus continues to be placed on environmental, social, and governance (ESG) investing, there have been some interesting opportunities on the other side of the coin. Sin could very well be in. In this case, we’re talking about tobacco stocks.
Thanks to the shift in ESG, much of the tobacco sector is now trading for big dividend yields and low multiples. This is despite strong sales, its recession-resistant nature, and moves into tangential sectors like e-cigarettes and cannabis.
For investors looking for income, the tobacco sector has plenty to offer and remains a big bargain in the market.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.