British American Tobacco p.l.c. Announces Dividend of $0.75 (NYSE:BTI)

British American Tobacco p.l.c. (NYSE:BTI) announced a dividend on Thursday, February 13th, NASDAQ Dividends reports. Stockholders of record on Friday, March 28th will be paid a dividend of 0.7491 per share on Monday, May 12th. The ex-dividend date of this dividend is Friday, March 28th.

British American Tobacco has raised its dividend payment by an average of 0.4% annually over the last three years. British American Tobacco has a payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect British American Tobacco to earn $4.99 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 60.1%.

British American Tobacco Price Performance

NYSE:BTI opened at $40.72 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. British American Tobacco has a 12-month low of $28.25 and a 12-month high of $42.74. The stock’s 50 day moving average price is $39.57 and its two-hundred day moving average price is $37.60. The firm has a market capitalization of $84.35 billion, a price-to-earnings ratio of 8.36 and a beta of 0.50.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BTI. StockNews.com raised British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Company Profile

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.