Imperial Brands (LON:IMB) Reaches New 1-Year High – Here’s What Happened

Imperial Brands PLC (LON:IMB)’s stock price reached a new 52-week high on Thursday . The stock traded as high as GBX 2,902 ($37.68) and last traded at GBX 2,901 ($37.67), with a volume of 9326826 shares trading hands. The stock had previously closed at GBX 2,822 ($36.64).

Imperial Brands Stock Up 2.8 %

The business has a fifty day moving average price of GBX 2,765.59 and a two-hundred day moving average price of GBX 2,534.16. The company has a current ratio of 0.72, a quick ratio of 0.41 and a debt-to-equity ratio of 166.91. The company has a market cap of £24.35 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 16.51 and a beta of 0.42.

Imperial Brands Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, February 20th were issued a dividend of GBX 54.26 ($0.70) per share. This represents a yield of 2.43%. This is an increase from Imperial Brands’s previous dividend of $22.45. The ex-dividend date was Thursday, February 20th. Imperial Brands’s payout ratio is presently 64.80%.

Insider Buying and Selling at Imperial Brands

In other Imperial Brands news, insider Alan Johnson purchased 1,397 shares of the stock in a transaction on Tuesday, February 11th. The stock was bought at an average cost of GBX 2,862 ($37.16) per share, for a total transaction of £39,982.14 ($51,918.11). Also, insider Stefan Bomhard sold 112,183 shares of the stock in a transaction that occurred on Monday, February 17th. The stock was sold at an average price of GBX 2,788 ($36.20), for a total value of £3,127,662.04 ($4,061,371.30). Corporate insiders own 7.33% of the company’s stock.

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.