Imperial Brands (LON:IMB) Reaches New 1-Year High – Here’s Why

Shares of Imperial Brands PLC (LON:IMB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,963 ($39.22) and last traded at GBX 2,959 ($39.17), with a volume of 14479772 shares changing hands. The stock had previously closed at GBX 2,921 ($38.66).

Imperial Brands Price Performance

The firm has a market cap of £24.94 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The company has a current ratio of 0.72, a quick ratio of 0.41 and a debt-to-equity ratio of 166.91. The company has a 50 day moving average price of GBX 2,798.46 and a 200 day moving average price of GBX 2,583.97.

Imperial Brands Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 20th were given a GBX 54.26 ($0.72) dividend. The ex-dividend date was Thursday, February 20th. This represents a dividend yield of 2.43%. This is a boost from Imperial Brands’s previous dividend of $22.45. Imperial Brands’s dividend payout ratio (DPR) is currently 64.80%.

Insider Buying and Selling

In related news, insider Alan Johnson acquired 1,397 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average price of GBX 2,862 ($37.88) per share, with a total value of £39,982.14 ($52,921.43). Also, insider Stefan Bomhard sold 112,183 shares of the business’s stock in a transaction dated Monday, February 17th. The shares were sold at an average price of GBX 2,788 ($36.90), for a total transaction of £3,127,662.04 ($4,139,857.10). Insiders own 7.33% of the company’s stock.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company.

We’re driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world’s one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.