Imperial Brands PLC (OTCMKTS:IMBBY) to Issue Dividend of $0.50

Imperial Brands PLC (OTCMKTS:IMBBY) announced a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Monday, May 26th will be paid a dividend of 0.5015 per share on Monday, July 7th. This represents a dividend yield of 5.82%. The ex-dividend date of this dividend is Friday, May 23rd.

Imperial Brands Stock Up 2.5%

Shares of IMBBY opened at $36.97 on Tuesday. The stock’s fifty day moving average price is $37.95 and its two-hundred day moving average price is $34.75. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.36 and a current ratio of 0.72. Imperial Brands has a 1 year low of $24.17 and a 1 year high of $42.43.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Imperial Brands in a research note on Tuesday, April 1st.

About Imperial Brands

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.