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

British American Tobacco p.l.c. (NYSE:BTI) declared a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.7391 per share on Monday, February 9th. This represents a $2.96 annualized dividend and a dividend yield of 7.62%. The ex-dividend date 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. Analysts expect British American Tobacco to earn $4.69 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 64.0%.

British American Tobacco Trading Down 2.0 %

Shares of British American Tobacco stock opened at $38.80 on Friday. The stock has a market cap of $80.47 billion, a P/E ratio of 7.79 and a beta of 0.53. The stock’s 50 day simple moving average is $37.83 and its 200-day simple moving average is $36.95. British American Tobacco has a 1-year low of $28.25 and a 1-year high of $42.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Analyst Ratings Changes

BTI has been the topic of several recent research reports. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

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.