Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Are Tobacco Companies Hurting?

Details

  • Description

    FBN’s Robert Gray reports on how a decrease in Americans who smoke has affected tobacco companies.

  • Duration 1:10
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Yeah Dennis and he'll appreciate yes of course its name for lone wolf -- equated shut nor us film.

And of course -- north was one of the original owners of this place along with Jim Belushi.

Now they're no longer partners -- with under the current owner later but there were 303 billion cigarettes sold last year about Bob thirteen point three billion cigars.

Sold in the most recent data available take a look at the prices these are cigarettes here you can see they've more than doubled over the past couple of decades here that's offsetting as you mentioned Dennis.

Fewer people are smoking -- back about 19% of adults.

Are smokers according to the CDC as of 2010 and that's down.

About half as much as what they were back in 1990s -- see that fewer Americans are smoking but the margins are higher for the big guys -- look at the stocks it certainly represents.

These gains over the past decade well -- the returns the S&P 500 win you reinvest those dividends.

Dennis -- course are they all have blood dividends currently better than 5% when you look at the Big Three which account for about.

85% market that's Lorillard Reynolds an alternate could see well outpacing the S&P 500 during that past decade back to -- All right next job Robert Gray smoke up --

Load More