Imperial Tobacco Group (OTCMKTS:IMBBY) Hits 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.

Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report)'s stock price hit a new 52-week high 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. 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 $0.5294 dividend. This is an increase from Imperial Tobacco Group's previous dividend of $0.50. The ex-dividend date of this dividend is Friday, August 22nd. This represents a dividend yield of 582.0%.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Imperial Tobacco Group in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Imperial Tobacco Group currently has a consensus rating of "Buy".

Imperial Tobacco Group Stock Performance

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.68 and a quick ratio of 0.30. The firm has a 50-day moving average of $39.62 and a two-hundred day moving average of $38.03.

About Imperial Tobacco Group

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.

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