Imperial Brands (LON:IMB) Reaches New 12-Month High Following Insider Buying Activity

Imperial Brands PLC (LON:IMB) shares hit a new 52-week high during mid-day trading on Thursday following insider buying activity. The stock traded as high as GBX 2,643.10 ($32.27) and last traded at GBX 2,642 ($32.26), with a volume of 6371762 shares. The stock had previously closed at GBX 2,624 ($32.04).

Specifically, insider Jon Stanton bought 398,802 shares of Imperial Brands stock in a transaction dated Monday, January 6th. The stock was acquired at an average cost of GBX 2,597 ($31.71) per share, with a total value of £10,356,887.94 ($12,645,772.82).

Imperial Brands Stock Down 0.9 %

The company has a debt-to-equity ratio of 217.64, a quick ratio of 0.41 and a current ratio of 0.64. The business’s 50 day moving average is GBX 2,508.93 and its 200-day moving average is GBX 2,270.30. The stock has a market cap of £22.01 billion, a price-to-earnings ratio of 1,134.35, a PEG ratio of 16.51 and a beta of 0.42.

Imperial Brands Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be paid a dividend of GBX 54.26 ($0.66) per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a dividend yield of 2.43%. This is a boost from Imperial Brands’s previous dividend of $22.45. Imperial Brands’s 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.