Imperial Brands (LON:IMB) Sets New 1-Year High - Here's What Happened

Imperial Brands PLC (LON:IMB - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 3,067 ($40.70) and last traded at GBX 3,066 ($40.68), with a volume of 10591013 shares changing hands. The stock had previously closed at GBX 3,026 ($40.15).

Imperial Brands Price Performance

The stock has a market capitalization of £25.81 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The stock has a 50 day moving average of GBX 2,852.62 and a 200-day moving average of GBX 2,658.43. The company has a current ratio of 0.72, a quick ratio of 0.41 and a debt-to-equity ratio of 166.91.

Imperial Brands Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, February 20th were issued a GBX 54.26 ($0.72) dividend. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, February 20th. This is a boost from Imperial Brands's previous dividend of $22.45. Imperial Brands's payout ratio is 64.80%.

Insider Buying and Selling

In other Imperial Brands news, insider Alan Johnson bought 1,397 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was purchased at an average price of GBX 2,862 ($37.98) per share, for a total transaction of £39,982.14 ($53,054.86). Also, insider Stefan Bomhard sold 112,183 shares of the company's stock in a transaction on Monday, February 17th. The stock was sold at an average price of GBX 2,788 ($37.00), for a total value of £3,127,662.04 ($4,150,294.64). 7.33% of the stock is owned by insiders.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company. We're driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world's one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.