British American Tobacco PLC (BTI) Declares None Dividend of $0.67

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.

WARNING: This piece was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/23/british-american-tobacco-plc-bti-declares-none-dividend-of-0-67.html.

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).

Dividend History for British American Tobacco (NYSE:BTI)

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

Leave a Reply