LONDON (Reuters) – British American Tobacco on Wednesday reported a 7% rise in fourth-quarter adjusted revenue to $25.7 billion as as more people shifted over to e-cigarettes and oral nicotine amid health concerns during the pandemic.

The world’s second-largest tobacco company also announced a dividend increase of 1.0% to 217.8 pence and a £2 billion share repurchase programme for 2022.

(Reporting by Richa Naidu in London; editing by Philippa Fletcher)