Imperial Tobacco Group (OTCMKTS:IMBBY) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Imperial Tobacco Group's stock recently crossed above its 200-day moving average, trading at $41.36, with a recent peak of $41.72.
• Analysts have a consensus rating of "Buy" for the stock, with one analyst giving a Strong Buy rating and another a Hold rating.
• The company announced an increase in its dividend to $0.5294 per share, representing a substantial yield of 582.0%.

Shares of Imperial Tobacco Group PLC (OTCMKTS:IMBBY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $39.09 and traded as high as $41.72. Imperial Tobacco Group shares last traded at $41.36, with a volume of 964,834 shares traded.

Imperial Tobacco Group Trading Up 0.4%

The business has a 50-day moving average of $41.02 and a 200 day moving average of $39.22. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.68 and a quick ratio of 0.30.

Imperial Tobacco Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, August 25th will be given a dividend of $0.5294 per share. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 582.0%. This is an increase 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.