Imperial Brands (LON:IMB) Shares Down 1.7% - Here's Why

Imperial Brands PLC (LON:IMB - Get Free Report)'s share price traded down 1.7% during mid-day trading on Wednesday . The company traded as low as GBX 2,883 ($38.30) and last traded at GBX 2,890 ($38.39). 2,940,109 shares traded hands during trading, a decline of 55% from the average session volume of 6,580,692 shares. The stock had previously closed at GBX 2,940 ($39.05).

Imperial Brands Stock Up 1.4%

The company has a current ratio of 0.72, a quick ratio of 0.41 and a debt-to-equity ratio of 166.91. The stock's 50-day moving average is GBX 2,883.09 and its 200-day moving average is GBX 2,703.24. The company has a market cap of £22.70 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 16.51 and a beta of 0.42.

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 net margin of 11.44% and a return on equity of 41.84%. On average, analysts anticipate that Imperial Brands PLC will post 246.5723613 earnings per share for the current fiscal year.

Imperial Brands Increases Dividend

The company also recently announced 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. 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 is currently 64.80%.

Insider Activity

In related news, insider Stefan Bomhard sold 112,183 shares of the stock in a transaction dated Monday, February 17th. The shares were sold at an average price of GBX 2,788 ($37.04), for a total transaction of £3,127,662.04 ($4,154,705.15). 7.33% of the stock is currently owned by corporate 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.