British American Tobacco p.l.c. (NYSE:BTI) announced a None dividend on Tuesday, December 5th, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.581 per share on Tuesday, February 13th. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.
British American Tobacco has increased its dividend payment by an average of 0.1% annually over the last three years. British American Tobacco has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect British American Tobacco to earn $4.03 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 37.2%.
British American Tobacco (BTI) traded up $0.51 during midday trading on Wednesday, hitting $65.46. 2,212,000 shares of the stock were exchanged, compared to its average volume of 3,631,552. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87. British American Tobacco has a 12 month low of $54.58 and a 12 month high of $73.41.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Wednesday. Goldman Sachs Group restated a “neutral” rating on shares of British American Tobacco in a report on Friday, August 11th. Cowen upgraded shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the stock a “buy” rating in a report on Saturday, November 18th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $72.25.
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About British American Tobacco
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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