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However, some fund managers still see the allure of the tobacco stock, although its earnings contraction will result in lower dividends

The new study now appears in the journal Prof

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The US Centers for Disease Control and Prevention has found that the number of adults who light up cigarettes has fallen to an all-time low of 11 percent The change in America's smoking habits is driven largely by younger Americans, who used to be the biggest cigarette smokers, but have gradually become among the least likely people to spark up More than 2.5 million US children use e-cigarettes - rising a half-million from last year and reversing downward trends in recent years

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Subjects using RNC stated they were less likely to purchase RNC cigarettes, which would facilitate the goal of a nicotine reduction policy, but also points to the need to reduce access to black market high nicotine cigarettes