British American Tobacco p.l.c. (NYSE:BTI) to Issue $0.74 Quarterly Dividend

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) announced a quarterly dividend on Monday, February 17th, Wall Street Journal reports. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.7391 per share on Monday, February 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date of this dividend is Tuesday, December 30th.

British American Tobacco has raised its dividend by an average of 0.4% per year over the last three years. British American Tobacco has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect British American Tobacco to earn $4.99 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 60.1%.

British American Tobacco Trading Up 0.4 %

Shares of BTI stock traded up $0.16 on Thursday, reaching $38.57. 4,281,777 shares of the stock were exchanged, compared to its average volume of 4,782,914. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The business's 50 day moving average price is $37.87 and its 200 day moving average price is $37.01. British American Tobacco has a twelve month low of $28.25 and a twelve month high of $42.74.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com upgraded shares of British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday. UBS Group upgraded shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday, January 27th.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.