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

Imperial Brands PLC (LON:IMB)’s stock price hit a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 2,643.10 ($32.52) and last traded at GBX 2,642 ($32.51), with a volume of 6371762 shares. The stock had previously closed at GBX 2,624 ($32.29).

Specifically, insider Jon Stanton acquired 398,802 shares of the stock in a transaction on Monday, January 6th. The shares were bought at an average cost of GBX 2,597 ($31.96) per share, with a total value of £10,356,887.94 ($12,743,802.07).

Imperial Brands Price Performance

The firm has a market cap of £22.21 billion, a PE ratio of 1,144.78, a PEG ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 217.64, a current ratio of 0.64 and a quick ratio of 0.41. The company has a 50 day moving average price of GBX 2,503.07 and a 200 day moving average price of GBX 2,266.

Imperial Brands Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 20th will be issued a dividend of GBX 54.26 ($0.67) per share. This represents a yield of 2.43%. The ex-dividend date is Thursday, February 20th. This is a positive change from Imperial Brands’s previous dividend of $22.45. Imperial Brands’s dividend 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.