These 3 "Cannabis" Stocks Have Dividend Yields Averaging 8.5%

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3 stocks in the munKNEE Conservative "Cannabis" Stocks Index are ranked below, in descending order, based on their dividend yields along with their involvement in the cannabis sector and their performances YTD and any recent news on them.


Conservative "Cannabis" Stocks Index

  1. Altria Group (MO): Dividend Yield of 9.52%
  2. British American Tobacco (BTI): Dividend Yield of 8.87%
  3. Imperial Brands (IMBBY): Dividend Yield of 7.52%
    •  
    • has a 19.9% stake in Auxly Cannabis Group (CBWTF); No Change YTD
    • is DOWN 4.7% YTD; UP 2.8% Net YTD


Summary:

  • Average dividend yield of 8.5%
  • Average gross YTD return: DOWN 12.2%
  • Average net YTD return: DOWN 3.7%
  • Average YTD associated cannabis stock return: DOWN  42.1%


Conclusion:

If you want to invest in the cannabis sector and would like to take a more conservative approach in doing so you might want to consider investing in one of the tobacco stocks analyzed above that have major investments in the cannabis sector and pay out sizeable dividends.


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Disclosure: None

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