The group will cut the number of its business regions from four to three and reduce its business units from 16 to 12.
Here are two dependable ultra-high-yielding dividend stocks that are likely to attract investor attention in 2023 as a hedge against broader market uncertainty. British American Tobacco's (NYSE: BTI) $84 billion market capitalization is second only to Philip Morris International's (NYSE: PM) $159 billion market cap among tobacco stocks. The company's iconic brands are sold in almost every market around the world.
The Zacks Tobacco industry players are benefiting from solid pricing power as well as focus on innovation and expansion of low-risk products. These upsides bode well for Philip Morris (PM), British American Tobacco (BTI) and Turning Point Brands (TPB).