Imperial Brands (LON:IMB) Hits New 1-Year High Following Insider Buying Activity

Imperial Brands PLC (LON:IMB) reached a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 2,643.10 ($32.27) and last traded at GBX 2,642 ($32.26), with a volume of 6371762 shares changing hands. The stock had previously closed at GBX 2,624 ($32.04).

Specifically, insider Jon Stanton purchased 398,802 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were acquired at an average price of GBX 2,597 ($31.71) per share, for a total transaction of £10,356,887.94 ($12,645,772.82).

Imperial Brands Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.64 and a debt-to-equity ratio of 217.64. The stock has a market capitalization of £22.01 billion, a PE ratio of 1,134.35, a PEG ratio of 16.51 and a beta of 0.42. The firm has a 50 day moving average price of GBX 2,508.93 and a 200-day moving average price of GBX 2,270.30.

Imperial Brands Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be given a dividend of GBX 54.26 ($0.66) per share. This is an increase from Imperial Brands’s previous dividend of $22.45. This represents a yield of 2.43%. The ex-dividend date is Thursday, February 20th. Imperial Brands’s dividend payout ratio (DPR) is currently 6,652.17%.

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.