Imperial Brands (LON:IMB) Sets New 12-Month High – Still a Buy?

Imperial Brands PLC (LON:IMB) shares hit a new 52-week high on Thursday . The company traded as high as GBX 2,267 ($29.67) and last traded at GBX 2,266 ($29.66), with a volume of 6807901 shares changing hands. The stock had previously closed at GBX 2,253 ($29.49).

Imperial Brands Price Performance

The company has a quick ratio of 0.41, a current ratio of 0.64 and a debt-to-equity ratio of 217.64. The company’s fifty day moving average price is GBX 2,171.30 and its two-hundred day moving average price is GBX 1,992.50. The company has a market cap of £19.07 billion, a price-to-earnings ratio of 979.57, a PEG ratio of 16.51 and a beta of 0.42.

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 dividend of GBX 54.26 ($0.71) per share. 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 6,478.26%.

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.