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law directed the Food and Drug Administration to require graphic warnings on cigarettes, too, but the regulations were challenged successfully in court by tobacco companies in 2012

[8] In 1965, approximately 45% of Americans smoked, however by 2022, an estimated 11.6% of adults (about 28.8 million people) were current cigarette smokers, reflecting a substantial decline over time

Be smart about tobacco In evaluating tobacco stocks, it's important to keep in mind that investors typically prefer to see high dividend yields from the companies that profit from cigarettes and similar products