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

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) announced 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 dividend yield of 5.99%. The ex-dividend date is Friday, June 27th.

British American Tobacco has a payout ratio of 61.7% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of BTI stock opened at $49.35 on Thursday. British American Tobacco has a twelve month low of $30.81 and a twelve month high of $49.58. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $44.29 and a two-hundred day simple moving average of $40.68. The stock has a market capitalization of $102.00 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 4.09 and a beta of 0.31.

Analyst Ratings Changes

Several research analysts have issued reports on BTI shares. Barclays reiterated an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Bank of America initiated coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a "buy" rating on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

Institutional Investors Weigh In On British American Tobacco

A hedge fund recently raised its stake in British American Tobacco stock. AQR Capital Management LLC boosted its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 35.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,914 shares of the company's stock after acquiring an additional 7,270 shares during the quarter. AQR Capital Management LLC's holdings in British American Tobacco were worth $1,155,000 at the end of the most recent reporting period. 16.16% of the stock is currently owned by institutional investors.

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.

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