Imperial Tobacco Group (OTCMKTS:IMBBY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Imperial Tobacco Group experienced a notable increase in trading volume, with 436,300 shares traded—up 143% from the previous session.
• The company announced a dividend increase to $0.5294 per share, resulting in a substantial dividend yield of 582.0% for stockholders.
• Currently, the stock is priced at $41.79, marking a 3.2% rise from its previous close of $40.40.

Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY - ) saw strong trading volume on Tuesday . 436,300 shares were traded during mid-day trading, an increase of 143% from the previous session's volume of 179,407 shares.The stock last traded at $41.79 and had previously closed at $40.40.

Imperial Tobacco Group Stock Up 3.2%

The business's fifty day moving average price is $41.52 and its 200 day moving average price is $39.65. 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 disclosed a dividend, which will be paid on Tuesday, October 7th. Stockholders 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 of this dividend is Friday, August 22nd. This is a positive change from Imperial Tobacco Group's previous dividend of $0.50.

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.

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