PM Images The previous 12 months haven't been kind to British American Tobacco (NYSE:BTI) as shares have declined -14.91%, and it's been an even worse decade as shares have fallen -46.46%. The tobacco industry continuously finds itself under pressure as it's synonymous with health risks and government regulations. Despite individual opinions, the facts are that BTI has exceeded $10 billion in operating income and free cash flow (FCF) on an annualized basis since 2018 while generating large single- digit div ...