Imperial Brands PLC (OTCMKTS:IMBBY) Raises Dividend to $0.70 Per Share

Imperial Brands PLC (OTCMKTS:IMBBY) declared a dividend on Wednesday, October 30th,NASDAQ Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.6975 per share on Wednesday, January 8th. The ex-dividend date is Friday, November 29th. This is a boost from Imperial Brands’s previous dividend of $0.28.

Imperial Brands Stock Up 2.7 %

Shares of Imperial Brands stock opened at $33.39 on Thursday. Imperial Brands has a 12 month low of $21.30 and a 12 month high of $33.49. The business has a fifty day simple moving average of $29.97 and a 200-day simple moving average of $27.87.

Analyst Ratings Changes

Several equities analysts have weighed in on IMBBY shares. Morgan Stanley raised Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd. Barclays raised shares of Imperial Brands to a “strong-buy” rating in a research report on Wednesday, October 9th.

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.