Imperial Brands (LON:IMB) Stock Price Down 6.4% - Here's What Happened

Imperial Brands PLC (LON:IMB - Get Free Report)'s stock price traded down 6.4% during trading on Wednesday . The stock traded as low as GBX 2,648 ($35.37) and last traded at GBX 2,705.54 ($36.14). 5,514,675 shares changed hands during trading, a decline of 16% from the average session volume of 6,558,627 shares. The stock had previously closed at GBX 2,890 ($38.60).

Imperial Brands Trading Up 2.3%

The company has a quick ratio of 0.41, a current ratio of 0.72 and a debt-to-equity ratio of 166.91. The company has a market capitalization of £23.67 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The stock's fifty day moving average price is GBX 2,883.47 and its two-hundred day moving average price is GBX 2,706.31.

Imperial Brands (LON:IMB - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported GBX 123.90 ($1.65) earnings per share for the quarter. Imperial Brands had a return on equity of 41.84% and a net margin of 11.44%. Sell-side analysts anticipate that Imperial Brands PLC will post 246.5723613 earnings per share for the current year.

Imperial Brands Increases Dividend

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