British American Tobacco p.l.c. (BTI) to Issue Quarterly Dividend of $0.83 on November 12th

British American Tobacco p.l.c. (NYSE:BTI) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Friday, October 2nd will be given a dividend of 0.8349 per share on Thursday, November 12th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, October 2nd.

British American Tobacco has raised its dividend payment by an average of 0.0%annually over the last three years. British American Tobacco has a dividend payout ratio of 66.9% meaning 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 $3.25 annual dividend with an expected future payout ratio of 65.1%.

British American Tobacco Price Performance

Shares of NYSE BTI opened at $59.50 on Friday. British American Tobacco has a twelve month low of $37.31 and a twelve month high of $63.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The firm has a 50-day moving average of $58.04 and a two-hundred day moving average of $55.90.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BTI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of British American Tobacco in a research note on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Morgan Stanley restated an “underweight” rating on shares of British American Tobacco in a report on Wednesday, December 10th. Finally, Kepler Capital Markets began coverage on British American Tobacco in a report on Friday, December 12th. They issued a “buy” rating for the company. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.