British American Tobacco p.l.c. (NYSE:BTI) Declares Dividend Increase – $0.73 Per Share

British American Tobacco p.l.c. (NYSE:BTIGet Free Report) declared a quarterly dividend on Thursday, February 8th, Zacks reports. Stockholders of record on Friday, March 22nd will be given a dividend of 0.733 per share on Tuesday, May 7th. This represents a $2.93 annualized dividend and a dividend yield of 9.53%. The ex-dividend date of this dividend is Thursday, March 21st. This is a boost from British American Tobacco’s previous quarterly dividend of $0.70.

British American Tobacco has increased its dividend payment by an average of 2.0% annually over the last three years. British American Tobacco has a payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. Analysts expect British American Tobacco to earn $4.80 per share next year, which means the company should continue to be able to cover its $2.93 annual dividend with an expected future payout ratio of 61.0%.

British American Tobacco Stock Down 2.2 %

NYSE:BTI opened at $30.76 on Friday. The stock has a 50 day moving average of $29.77 and a 200-day moving average of $31.14. British American Tobacco has a 52 week low of $28.35 and a 52 week high of $38.90. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.51.

Institutional Trading of British American Tobacco

Several large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its position in British American Tobacco by 2.9% in the 4th quarter. Franklin Resources Inc. now owns 16,865 shares of the company’s stock valued at $494,000 after acquiring an additional 483 shares during the period. Citigroup Inc. boosted its stake in British American Tobacco by 27.5% during the 3rd quarter. Citigroup Inc. now owns 70,727 shares of the company’s stock valued at $2,222,000 after purchasing an additional 15,234 shares in the last quarter. Creative Planning boosted its stake in British American Tobacco by 57.5% during the 3rd quarter. Creative Planning now owns 98,867 shares of the company’s stock valued at $3,105,000 after purchasing an additional 36,103 shares in the last quarter. Sei Investments Co. boosted its stake in British American Tobacco by 32.8% during the 3rd quarter. Sei Investments Co. now owns 197,981 shares of the company’s stock valued at $6,219,000 after purchasing an additional 48,897 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in British American Tobacco by 4.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 174,017 shares of the company’s stock valued at $5,479,000 after purchasing an additional 7,666 shares in the last quarter. 7.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Wednesday, November 29th. Morgan Stanley assumed coverage on British American Tobacco in a research report on Wednesday, November 1st. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Read Our Latest Analysis on British American Tobacco

British American Tobacco Company Profile

(Get Free Report)

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, 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.

See Also

Dividend History for British American Tobacco (NYSE:BTI)

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