British American Tobacco p.l.c. (NYSE:BTI) to Issue Quarterly Dividend of $0.74

British American Tobacco p.l.c. (NYSE:BTI) declared a quarterly dividend on Monday, February 17th,Wall Street Journal reports. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.7391 per share on Monday, February 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date of this dividend is Tuesday, December 30th.

British American Tobacco has raised its dividend payment by an average of 0.4% annually over the last three years. British American Tobacco has a payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Analysts expect British American Tobacco to earn $4.69 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 64.0%.

British American Tobacco Stock Down 2.0 %

BTI opened at $38.80 on Tuesday. The firm’s fifty day moving average price is $37.83 and its 200 day moving average price is $36.96. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. British American Tobacco has a 12-month low of $28.25 and a 12-month high of $42.74.

Wall Street Analysts Forecast Growth

BTI has been the topic of several recent analyst reports. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a 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.

British American Tobacco Company Profile

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.