Imperial Brands PLC (LON:IMB) announced a dividend on Tuesday, November 5th, Upcoming.Co.Uk reports. Shareholders of record on Friday, February 21st will be given a dividend of GBX 72.01 ($0.94) per share on Tuesday, March 31st. This represents a yield of 4.14%. The ex-dividend date is Friday, February 21st. This is a boost from Imperial Brands’s previous dividend of $72.00. The official announcement can be seen at this link.
LON:IMB traded up GBX 10.80 ($0.14) on Tuesday, reaching GBX 1,749.20 ($22.86). 3,326,262 shares of the stock traded hands, compared to its average volume of 2,680,000. The company has a market capitalization of $16.52 billion and a price-to-earnings ratio of 10.76. The company has a current ratio of 0.68, a quick ratio of 0.32 and a debt-to-equity ratio of 241.51. Imperial Brands has a 12 month low of GBX 1,736.20 ($22.69) and a 12 month high of GBX 2,789 ($36.44). The company’s fifty day simple moving average is GBX 1,876.19 and its 200 day simple moving average is GBX 2,058.84.
A number of analysts have weighed in on IMB shares. Deutsche Bank restated a “buy” rating on shares of Imperial Brands in a research note on Friday, August 16th. Credit Suisse Group restated an “outperform” rating on shares of Imperial Brands in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price objective on shares of Imperial Brands from GBX 2,100 ($27.44) to GBX 1,600 ($20.91) and set an “underperform” rating for the company in a research note on Monday, October 28th. Liberum Capital reiterated a “buy” rating on shares of Imperial Brands in a research note on Tuesday. Finally, Barclays reiterated an “overweight” rating on shares of Imperial Brands in a research note on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 2,628.64 ($34.35).
In related news, insider Mark Williamson purchased 1,489 shares of Imperial Brands stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost 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 Imperial Brands stock in a transaction dated Friday, September 27th. The stock was bought at an average price of GBX 1,776 ($23.21) per share, with a total value of £22,200 ($29,008.23).
About Imperial Brands
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.
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