Imperial Brands PLC (LON:IMB) Raises Dividend to GBX 72 Per Share

Imperial Brands PLC (LON:IMB) declared a dividend on Tuesday, November 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 21st will be paid a dividend of GBX 72 ($0.94) per share on Tuesday, December 31st. This represents a dividend yield of 4.14%. The ex-dividend date is Thursday, November 21st. This is a positive change from Imperial Brands’s previous dividend of $31.28. The official announcement can be accessed at this link.

Shares of Imperial Brands stock opened at GBX 1,795 ($23.45) on Tuesday. Imperial Brands has a 52 week low of GBX 1,670 ($21.82) and a 52 week high of GBX 2,713.50 ($35.46). The business’s fifty day simple moving average is GBX 1,802.24 and its 200-day simple moving average is GBX 2,011.14. The firm has a market cap of $16.39 billion and a PE ratio of 16.97. The company has a quick ratio of 0.45, a current ratio of 0.90 and a debt-to-equity ratio of 244.63.

In other news, insider Mark Williamson purchased 1,489 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of GBX 2,121 ($27.71) per share, for a total transaction of £31,581.69 ($41,267.07). Also, insider Oliver Tant purchased 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average price of GBX 1,776 ($23.21) per share, for a total transaction of £22,200 ($29,008.23).

Several equities analysts recently issued reports on the company. Deutsche Bank reissued a “buy” rating on shares of Imperial Brands in a research note on Friday, August 16th. Barclays reissued an “overweight” rating on shares of Imperial Brands in a research note on Wednesday, September 25th. Liberum Capital reissued a “buy” rating on shares of Imperial Brands in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased their target price on Imperial Brands from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Royal Bank of Canada reissued an “underperform” rating on shares of Imperial Brands in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,469 ($32.26).

Imperial Brands Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.

Read More: What is a Real Estate Investment Trust (REIT)?

Dividend History for Imperial Brands (LON:IMB)

Receive News & Ratings for Imperial Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Brands and related companies with MarketBeat.com's FREE daily email newsletter.