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"And lastly, we believe tobacco is a larger opportunity because it is more frequently purchased and drives substantially more trips than beer and wine--in fact, 16 trips vs

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Thanks to this strength, Altria pursues a dividend payout ratio around 80% and its management has confirmed that it will continue to distribute about 80% of the earnings in dividends

They have spent large on TV campaigns, legal challenges and setting up fake retail associations to fight it