British American Tobacco p.l.c. (NYSE:BTI) to Issue Dividend of $0.75

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

British American Tobacco has increased its dividend by an average of 0.4% per year over the last three years. British American Tobacco has a payout ratio of 62.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 BTI stock traded down $0.15 on Wednesday, reaching $40.56. The stock had a trading volume of 1,104,643 shares, compared to its average volume of 4,461,048. The stock has a market cap of $84.01 billion, a P/E ratio of 8.33 and a beta of 0.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. British American Tobacco has a 1 year low of $28.25 and a 1 year high of $42.74. The company has a 50 day simple moving average of $39.57 and a 200 day simple moving average of $37.60.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BTI. StockNews.com upgraded British American Tobacco from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th.

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.