These 3 "Cannabis" Stocks Have Dividend Yields Averaging 8.5%
Photo by David Gabrić on Unsplash
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
- Altria Group (MO): Dividend Yield of 9.52%
- has a 45% stake in Cronos Group (CRON) - DOWN 20.6% YTD
- is DOWN 9.7% YTD; DOWN 0.22% Net YTD
- Read: Altria is More Attractive Than Ever
- British American Tobacco (BTI): Dividend Yield of 8.87%
- has a C$346M product development partnership with Organigram Holdings (OGI); DOWN 59.6% YTD
- is DOWN 19.7% YTD; DOWN 10.83% Net YTD
- Read: Which Is the Better Buy: Altria or British American Tobacco?
- 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.
More By This Author:
GH Research Drags Down Psychedelic Drug Stocks Index By 7%
Nvidia Reports 34% Increase In Q3 Revenue; Expects Trend To Continue In Q4
Ayr Wellness Reports Q3 Operating Loss Reduced By 67% But A Negative Outlook For Q4
Disclosure: None
Visit munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample more