Imperial Brands (LON:IMB) Shares Pass Above Fifty Day Moving Average - Here's Why

Imperial Brands PLC (LON:IMB - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 2,915.61 ($39.47) and traded as high as GBX 2,987 ($40.44). Imperial Brands shares last traded at GBX 2,974.64 ($40.27), with a volume of 1,086,565 shares changing hands.

Imperial Brands Stock Performance

The firm has a 50 day moving average of GBX 2,916.88 and a two-hundred day moving average of GBX 2,778.26. The stock has a market cap of £24.63 billion, a P/E ratio of 12.43, a P/E/G ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 166.91, a quick ratio of 0.41 and a current ratio of 0.72.

Imperial Brands (LON:IMB - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported GBX 123.90 ($1.68) earnings per share for the quarter. Imperial Brands had a return on equity of 41.84% and a net margin of 11.44%. On average, research analysts predict that Imperial Brands PLC will post 246.5723613 EPS for the current fiscal year.

Imperial Brands Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 20th were given a GBX 54.26 ($0.73) dividend. The ex-dividend date was Thursday, February 20th. This represents a dividend yield of 2.43%. This is an increase from Imperial Brands's previous dividend of $22.45. Imperial Brands's dividend payout ratio (DPR) is currently 64.80%.

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.