Imperial Brands (LON:IMB) Sets New 12-Month High on Insider Buying Activity

Imperial Brands PLC (LON:IMB)’s share price reached a new 52-week high during trading on Thursday following insider buying activity. The company traded as high as GBX 2,643.10 ($32.67) and last traded at GBX 2,642 ($32.66), with a volume of 6371762 shares trading hands. The stock had previously closed at GBX 2,624 ($32.44).

Specifically, insider Jon Stanton acquired 398,802 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was acquired at an average price of GBX 2,597 ($32.10) per share, with a total value of £10,356,887.94 ($12,802,086.45).

Imperial Brands Trading Up 0.5 %

The business’s 50 day simple moving average is GBX 2,496.19 and its two-hundred day simple moving average is GBX 2,263.47. The stock has a market cap of £22.24 billion, a P/E ratio of 1,146.52, a PEG ratio of 16.51 and a beta of 0.42. The company has a quick ratio of 0.41, a current ratio of 0.64 and a debt-to-equity ratio of 217.64.

Imperial Brands Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be issued a GBX 54.26 ($0.67) dividend. This represents a yield of 2.43%. The ex-dividend date is Thursday, February 20th. This is a boost from Imperial Brands’s previous dividend of $22.45. Imperial Brands’s dividend payout ratio is presently 6,652.17%.

Imperial Brands Company Profile

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.