Tobacco stocks continue to be popular despite prevailing anti-smoking sentiment. Shares of top names in the sector like Altria (NYSE: MO) and Philip Morris International (NYSE: PM) keep finding their way into many institutional and personal portfolios.
That’s because the business in general is highly profitable and typically generous with dividends. If you’re interested in the sector, you may want to look into a new stock that’s about to hit the exchange in an IPO: Turning Point Brands. Here’s a brief look at the company.