Imperial Brands (LON:IMB) Trading Down 0.7% – What’s Next?

Shares of Imperial Brands PLC (LON:IMB) dropped 0.7% during mid-day trading on Monday . The company traded as low as GBX 2,594 ($32.61) and last traded at GBX 2,597 ($32.65). Approximately 1,532,984 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 2,770,022 shares. The stock had previously closed at GBX 2,616 ($32.89).

Imperial Brands Stock Performance

The company’s 50 day simple moving average is GBX 2,403.50 and its 200 day simple moving average is GBX 2,198.39. The company has a debt-to-equity ratio of 217.64, a quick ratio of 0.41 and a current ratio of 0.64. The stock has a market cap of £21.58 billion, a PE ratio of 1,112.17, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42.

Imperial Brands Increases Dividend

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

Insiders Place Their Bets

In other news, insider Lukas Paravicini sold 6,639 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of GBX 2,615 ($32.88), for a total transaction of £173,609.85 ($218,267.35). Insiders own 7.33% of the company’s stock.

Imperial Brands Company Profile

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.