Imperial Tobacco Group (OTCMKTS:IMBBY) Reaches New 52-Week High Following Dividend Announcement

Key Points

• Imperial Tobacco Group's stock reached a new 52-week high of $42.48 following the announcement of an upcoming dividend payment.
• The company will pay a dividend of $0.5294 on October 7th, marking an increase from the previous dividend of $0.50.
• Analysts have a consensus rating of "Buy" on Imperial Tobacco Group, with one research firm maintaining a "sector perform" rating.

Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report) hit a new 52-week high during trading on Wednesday after the company announced a dividend. The company traded as high as $42.48 and last traded at $42.44, with a volume of 30308 shares trading hands. The stock had previously closed at $41.43.

The newly announced dividend which will be paid on Tuesday, October 7th. Investors of record on Monday, August 25th will be given a dividend of $0.5294 per share. This is a positive change from Imperial Tobacco Group's previous dividend of $0.50. This represents a dividend yield of 582.0%. The ex-dividend date is Friday, August 22nd.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Imperial Tobacco Group in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy".

Imperial Tobacco Group Trading Down 0.3%

The firm's 50-day simple moving average is $39.81 and its two-hundred day simple moving average is $38.22. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.30 and a current ratio of 0.68.

Imperial Tobacco Group Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.