British American Tobacco p.l.c. (NYSE:BTI) Plans $0.75 Dividend

British American Tobacco p.l.c. (NYSE:BTI) announced a dividend on Thursday, February 13th, NASDAQ Dividends reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.7491 per share on Monday, May 12th. The ex-dividend date of this dividend is Friday, March 28th.

British American Tobacco has raised its dividend by an average of 0.4% per year over the last three years. British American Tobacco has a dividend payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Research 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 $3.00 annual dividend with an expected future payout ratio of 60.1%.

British American Tobacco Stock Performance

Shares of NYSE:BTI traded down $0.17 during trading on Wednesday, reaching $40.54. The company had a trading volume of 484,685 shares, compared to its average volume of 4,458,852. British American Tobacco has a fifty-two week low of $28.25 and a fifty-two week high of $42.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The stock’s fifty day moving average price is $39.57 and its 200 day moving average price is $37.60. The firm has a market capitalization of $83.97 billion, a price-to-earnings ratio of 8.33 and a beta of 0.50.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. StockNews.com raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.