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Historically management has emphasized: Consistent dividend growth Strong payout discipline Cash-flow-based Capital allocation Shareholder value creation Although dividend growth has moderated in recent years compared with earlier periods, management continues to prioritize shareholder distributions

Big Tobacco Smoking for the state How we determined the worlds deadliest company We found that no company rivals the more than 57 million smoking-related deaths likely caused by China Tobaccos products since 1990

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