Imperial Brands PLC (OTCMKTS:IMBBY) Raises Dividend to $0.70 Per Share

Imperial Brands PLC (OTCMKTS:IMBBY) declared a dividend on Wednesday, October 30th, NASDAQ reports. Investors of record on Friday, November 29th will be given a dividend of 0.6975 per share on Wednesday, January 8th. The ex-dividend date is Friday, November 29th. This is a boost from Imperial Brands’s previous dividend of $0.28.

Imperial Brands Stock Performance

IMBBY stock traded up $0.72 during trading on Wednesday, hitting $29.84. The company had a trading volume of 50,015 shares, compared to its average volume of 112,708. The firm has a 50-day moving average price of $29.10 and a 200-day moving average price of $26.68. Imperial Brands has a 12 month low of $21.30 and a 12 month high of $30.36.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IMBBY shares. Barclays raised shares of Imperial Brands to a “strong-buy” rating in a research note on Wednesday, October 9th. Morgan Stanley raised shares of Imperial Brands from an “equal weight” rating to an “overweight” rating in a research note on Thursday, October 3rd.

Imperial Brands Company Profile

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.