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

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) announced a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders 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 yield of 7.82%. The ex-dividend date is Tuesday, December 30th.

British American Tobacco has increased its dividend by an average of 0.4% per year over the last three years. British American Tobacco has a dividend payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

BTI stock traded down $0.76 during midday trading on Friday, reaching $37.80. The company's stock had a trading volume of 7,596,243 shares, compared to its average volume of 4,865,776. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a fifty day simple moving average of $37.90 and a two-hundred day simple moving average of $37.04. British American Tobacco has a 1 year low of $28.25 and a 1 year high of $42.74.

Analyst Ratings Changes

BTI has been the topic of a number of recent research reports. UBS Group raised British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. StockNews.com raised British American Tobacco from a "hold" rating to a "buy" rating in a research report on Monday.

About British American Tobacco

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.