Imperial Brands (LON:IMB) Sets New 52-Week High on Insider Buying Activity

Imperial Brands PLC (LON:IMB)’s stock price hit a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 2,643.10 ($32.52) and last traded at GBX 2,642 ($32.51), with a volume of 6371762 shares trading hands. The stock had previously closed at GBX 2,624 ($32.29).

Specifically, insider Jon Stanton acquired 398,802 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was acquired at an average cost of GBX 2,597 ($31.96) per share, with a total value of £10,356,887.94 ($12,743,802.07).

Imperial Brands Trading Up 0.3 %

The business has a 50 day moving average of GBX 2,503.07 and a 200-day moving average of GBX 2,266. The stock has a market cap of £22.21 billion, a PE ratio of 1,144.78, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The company has a current ratio of 0.64, a quick ratio of 0.41 and a debt-to-equity ratio of 217.64.

Imperial Brands Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be given a GBX 54.26 ($0.67) dividend. This is an increase from Imperial Brands’s previous dividend of $22.45. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, February 20th. Imperial Brands’s dividend payout ratio is currently 6,652.17%.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company.

We’re driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world’s one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.