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

British American Tobacco p.l.c. (NYSE:BTI) declared a quarterly dividend on Tuesday, February 18th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend is Tuesday, December 30th.

British American Tobacco has increased its dividend payment by an average of 0.4% annually over the last three years. British American Tobacco has a dividend payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco has a 12-month low of $28.25 and a 12-month high of $42.74. The firm’s 50 day simple moving average is $37.85 and its two-hundred day simple moving average is $36.98.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BTI. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a 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.