British American Tobacco PLC (BTI) To Go Ex-Dividend on December 28th
British American Tobacco PLC (NYSE:BTI) announced a None dividend on Tuesday, December 5th, Zacks reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.581 per share on Tuesday, February 13th. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.
British American Tobacco has raised its dividend payment by an average of 0.1% annually over the last three years. British American Tobacco has a payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Equities 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 $1.16 annual dividend with an expected future payout ratio of 28.8%.
British American Tobacco (NYSE:BTI) traded down $0.22 during midday trading on Wednesday, reaching $66.38. The company’s stock had a trading volume of 770,800 shares, compared to its average volume of 3,546,326. British American Tobacco has a 1-year low of $55.53 and a 1-year high of $73.41. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48.
Several research firms have weighed in on BTI. Zacks Investment Research cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Jefferies Group set a $78.00 price objective on British American Tobacco and gave the stock a “buy” rating in a report on Saturday, November 18th. Goldman Sachs Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, October 9th. Finally, Cowen upgraded British American Tobacco from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $77.00.
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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).
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