Imperial Brands (LON:IMB) Sets New 1-Year High on Insider Buying Activity

Imperial Brands PLC (LON:IMB) shares reached a new 52-week high during mid-day trading on Tuesday following insider buying activity. The company traded as high as GBX 2,858 ($35.57) and last traded at GBX 2,857 ($35.56), with a volume of 1862498 shares. The stock had previously closed at GBX 2,828 ($35.20).

Specifically, insider Alan Johnson bought 1,397 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average cost of GBX 2,862 ($35.62) per share, for a total transaction of £39,982.14 ($49,766.17).

Imperial Brands Price Performance

The stock has a market cap of £23.66 billion, a P/E ratio of 1,219.57, a P/E/G ratio of 16.51 and a beta of 0.42. The company’s 50 day moving average price is GBX 2,624.87 and its 200-day moving average price is GBX 2,373.71. The company has a quick ratio of 0.41, a current ratio of 0.64 and a debt-to-equity ratio of 217.64.

Imperial Brands (LON:IMB) last announced its earnings results on Tuesday, November 19th. The company reported GBX 297 ($3.70) earnings per share (EPS) for the quarter. Imperial Brands had a return on equity of 39.00% and a net margin of 11.44%. As a group, sell-side analysts expect that Imperial Brands PLC will post 246.5723613 earnings per share for the current year.

Imperial Brands Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be issued a dividend of GBX 54.26 ($0.68) per share. This is an increase from Imperial Brands’s previous dividend of $22.45. This represents a yield of 2.43%. The ex-dividend date is Thursday, February 20th. Imperial Brands’s dividend payout ratio (DPR) is presently 6,652.17%.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company.

We’re driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world’s one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.