British American Tobacco p.l.c. (BTI) To Go Ex-Dividend on July 10th

British American Tobacco p.l.c. (NYSE:BTI) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Friday, July 10th will be paid a dividend of 0.8349 per share on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, July 10th.

British American Tobacco has raised its dividend payment by an average of 0.0%per year over the last three years. British American Tobacco has a payout ratio of 67.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect British American Tobacco to earn $5.22 per share next year, which means the company should continue to be able to cover its $3.29 annual dividend with an expected future payout ratio of 63.0%.

British American Tobacco Trading Up 0.6%

Shares of BTI stock opened at $61.85 on Wednesday. British American Tobacco has a 1 year low of $47.54 and a 1 year high of $67.30. The firm’s fifty day simple moving average is $61.54 and its 200 day simple moving average is $59.64. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

A number of research analysts have recently commented on BTI shares. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings raised British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of British American Tobacco in a report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

About British American Tobacco

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.