Income Majors 2019 

Income cravings sustain Imperial Brands’ allure

Income cravings sustain Imperial Brands’ allure

At almost 9.5 per cent, the dividend yield attached to Imperial Brands' (IMB) shares puts the tobacco giant out in front of our 2019 Income Majors list. This may trigger a red flag for some investors, as such a high dividend yield can often be a signal that a company's capital structure is unsustainable. Perhaps mindful of the need to reset investor expectations and assuage fears, Imperial Brands this week said it will scrap its 10 per cent annual dividend growth policy, in favour of more modest – although still progressive – payouts.

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