The Rise and Fall of British American Tobacco

As of March 31st they had 45 million in cash on the balance sheet and 139 million in long term debt. They pay a quarterly dividend of 23 cents well 0.237 per share which they recently increased by 10%. Over the last five years the dividend has grown at a compound annual growth rate of 5% however the dividend currently yields 3.64%, not as high as British American tobacco but still nothing to sneeze that especially when you're looking at a business that has a lot of room to potentially grow that dividend. In terms of returns they've had a compound annual growing rate of eight or yeah annual returns of 8.7% over the last 10 years if we're looking at