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

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) declared a dividend on Thursday, June 19th, investing.com reports. Investors of record on Monday, June 30th will be paid a dividend of 0.7391 per share on Wednesday, August 6th. This represents a yield of 5.99%. The ex-dividend date is Friday, June 27th.

British American Tobacco has a dividend payout ratio of 61.7% 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 Down 1.0%

NYSE BTI traded down $0.49 during trading hours on Friday, hitting $48.85. 9,812,228 shares of the company traded hands, compared to its average volume of 5,156,152. The business's 50-day moving average is $44.61 and its 200-day moving average is $40.86. British American Tobacco has a twelve month low of $30.81 and a twelve month high of $49.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.52 and a current ratio of 0.76. The stock has a market capitalization of $100.88 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 4.11 and a beta of 0.31.

Institutional Trading of British American Tobacco

An institutional investor recently raised its position in British American Tobacco stock. AQR Capital Management LLC lifted its position in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 35.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,914 shares of the company's stock after purchasing an additional 7,270 shares during the period. AQR Capital Management LLC's holdings in British American Tobacco were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BTI shares. Barclays reissued an "overweight" rating on shares of British American Tobacco in a research report on Friday, June 13th. Bank of America started coverage on British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

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.