Imperial Brands (LON:IMB) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of Imperial Brands PLC (LON:IMB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,243.80 ($27.77) and traded as high as GBX 2,586 ($32.01). Imperial Brands shares last traded at GBX 2,572 ($31.84), with a volume of 2,727,641 shares.

Imperial Brands Stock Performance

The firm has a market cap of £21.99 billion, a P/E ratio of 1,133.48, a P/E/G ratio of 16.51 and a beta of 0.42. 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 business has a fifty day simple moving average of GBX 2,471.27 and a 200-day simple moving average of GBX 2,243.80.

Imperial Brands Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be paid a dividend of GBX 54.26 ($0.67) per share. This is an increase from Imperial Brands’s previous dividend of $22.45. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 2.43%. Imperial Brands’s dividend payout ratio (DPR) is currently 6,652.17%.

Insider Transactions at Imperial Brands

In other news, insider Lukas Paravicini sold 6,639 shares of Imperial Brands stock in a transaction dated Monday, December 16th. The stock was sold at an average price of GBX 2,615 ($32.37), for a total value of £173,609.85 ($214,890.27). Insiders own 7.33% of the company’s stock.

Imperial Brands Company Profile

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.