Imperial Brands (LON:IMB) Sets New 12-Month High – Still a Buy?

Imperial Brands PLC (LON:IMB) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 2,390 ($31.11) and last traded at GBX 2,384 ($31.03), with a volume of 682478 shares. The stock had previously closed at GBX 2,359 ($30.71).

Imperial Brands Trading Up 2.4 %

The firm has a market capitalization of £20.59 billion, a price-to-earnings ratio of 1,060.43, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The company has a fifty day moving average price of GBX 2,234.52 and a 200-day moving average price of GBX 2,069.70. The company has a current ratio of 0.64, a quick ratio of 0.41 and a debt-to-equity ratio of 217.64.

Imperial Brands Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be paid a GBX 54.26 ($0.71) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Imperial Brands’s previous dividend of $22.45. This represents a yield of 2.43%. Imperial Brands’s payout ratio is 6,652.17%.

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.