Imperial Tobacco Group (OTCMKTS:IMBBY) Sees Large Volume Increase - Still a Buy?

Key Points

• Imperial Tobacco Group saw a significant increase in trading volume, with 366,812 shares traded, reflecting a 109% rise from the previous session.
• The company has a consensus analyst rating of "Buy", with one analyst maintaining a Strong Buy rating and others giving Buy and Hold ratings.
• Imperial Tobacco Group announced an increase in its dividend, now set at $0.5294, leading to a yield of 582.0%, payable on October 7th.

Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report) saw strong trading volume on Wednesday . 366,812 shares changed hands during trading, an increase of 109% from the previous session's volume of 175,269 shares.The stock last traded at $42.68 and had previously closed at $42.48.

Imperial Tobacco Group Trading Up 0.6%

The business has a fifty day simple moving average of $40.99 and a 200-day simple moving average of $39.16. The company has a current ratio of 0.68, a quick ratio of 0.30 and a debt-to-equity ratio of 1.40.

Imperial Tobacco Group Increases Dividend

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

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.