Imperial Brands (LON:IMB) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Imperial Brands PLC (LON:IMB) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 2,526.33 ($30.74) and traded as high as GBX 2,597 ($31.60). Imperial Brands shares last traded at GBX 2,597 ($31.60), with a volume of 1,182,575 shares traded.

Imperial Brands Stock Performance

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 firm has a market cap of £21.95 billion, a PE ratio of 1,131.30, a PEG ratio of 16.51 and a beta of 0.42. The business has a 50-day simple moving average of GBX 2,535.91 and a 200 day simple moving average of GBX 2,292.89.

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 paid a dividend of GBX 54.26 ($0.66) per share. This is a boost from Imperial Brands’s previous dividend of $22.45. The ex-dividend date is Thursday, February 20th. This represents a yield of 2.43%. Imperial Brands’s dividend payout ratio (DPR) is presently 6,652.17%.

Insiders Place Their Bets

In other news, insider Lukas Paravicini sold 6,639 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of GBX 2,615 ($31.82), for a total value of £173,609.85 ($211,229.89). Also, insider Jon Stanton bought 398,802 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average price of GBX 2,597 ($31.60) per share, with a total value of £10,356,887.94 ($12,601,153.35). 7.33% of the stock is owned by company insiders.

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.