British American Tobacco PLC (NYSE:BTI) declared a None dividend on Thursday, February 22nd, Zacks reports. Investors of record on Friday, March 23rd will be given a dividend of 0.674 per share on Monday, May 14th. The ex-dividend date of this dividend is Thursday, March 22nd. This is an increase from British American Tobacco’s previous None dividend of $0.58.
British American Tobacco has decreased its dividend payment by an average of 22.3% per year over the last three years. British American Tobacco has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect British American Tobacco to earn $4.32 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 26.9%.
British American Tobacco (NYSE:BTI) traded up $1.95 during midday trading on Friday, hitting $62.36. 359,758 shares of the company were exchanged, compared to its average volume of 1,744,738. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91. British American Tobacco has a 1 year low of $59.60 and a 1 year high of $73.41.
A number of research firms recently commented on BTI. Zacks Investment Research downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the company a “buy” rating in a research report on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.00.
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British American Tobacco Company Profile
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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