British American Tobacco p.l.c. to Issue None Dividend of $0.58 (BTI)

British American Tobacco p.l.c. (NYSE:BTI) declared a None dividend on Tuesday, December 5th, Zacks reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.581 per share on Tuesday, February 13th. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, December 28th.

British American Tobacco has raised its dividend by an average of 0.1% per year over the last three years. British American Tobacco has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Research 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%.

Shares of British American Tobacco (NYSE BTI) traded up $0.51 during mid-day trading on Wednesday, hitting $65.46. The company’s stock had a trading volume of 2,212,000 shares, compared to its average volume of 3,631,552. British American Tobacco has a one year low of $54.58 and a one year high of $73.41. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91.

Several research firms have recently commented on BTI. BidaskClub cut British American Tobacco from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Zacks Investment Research cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Goldman Sachs Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, October 9th. Jefferies Group set a $78.00 price target on British American Tobacco and gave the company a “buy” rating in a report on Saturday, November 18th. Finally, J P Morgan Chase & Co reissued 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 assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $72.25.

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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).

Dividend History for British American Tobacco (NYSE:BTI)

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