Imperial Brands PLC (IMB) to Issue GBX 31.28 Dividend
Imperial Brands PLC (LON:IMB) declared a dividend on Wednesday, May 8th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 23rd will be paid a dividend of GBX 31.28 ($0.41) per share on Friday, June 28th. This represents a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 23rd. The official announcement can be viewed at this link.
Shares of IMB opened at GBX 2,098.02 ($27.41) on Wednesday. The firm has a market capitalization of $19.90 billion and a P/E ratio of 12.91. Imperial Brands has a one year low of GBX 2,155.50 ($28.17) and a one year high of GBX 3,009 ($39.32). The company has a current ratio of 0.68, a quick ratio of 0.32 and a debt-to-equity ratio of 241.51.
Several research firms have issued reports on IMB. Citigroup upgraded shares of Imperial Brands to a “buy” rating and raised their price target for the stock from GBX 2,700 ($35.28) to GBX 3,000 ($39.20) in a research report on Thursday, March 28th. UBS Group restated a “neutral” rating on shares of Imperial Brands in a research report on Thursday, March 28th. Liberum Capital restated a “buy” rating on shares of Imperial Brands in a research report on Wednesday, March 27th. Deutsche Bank restated a “buy” rating on shares of Imperial Brands in a research report on Thursday, March 14th. Finally, Credit Suisse Group reduced their price target on shares of Imperial Brands from GBX 3,350 ($43.77) to GBX 3,300 ($43.12) and set an “outperform” rating on the stock in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 3,054.29 ($39.91).
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Imperial Brands Company Profile
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products. It offers a range of cigarettes, fine cut and smokeless tobacco, papers, and cigars; and e-vapour products. The company sells its products under the growth brands, such as Davidoff, Gauloises Blondes, JPS, West, Lambert & Butler, Bastos, Fine, Winston, News, and Parker & Simpson; and specialist brands consisting of blu, Kool, Gitanes, Jade, Cohiba, Montecristo, Romeo Y Julieta, Backwoods, Skruf, Golden Virginia, and Drum in approximately 160 countries worldwide.
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