|Bid||2,144.50 x 0|
|Ask||2,146.50 x 0|
|Day's Range||2,095.65 - 2,200.00|
|52 Week Range||1,821.40 - 3,009.00|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||13.18|
|Forward Dividend & Yield||1.25 (5.97%)|
|1y Target Est||3,018.82|
OUTSIDE THE BOX In late June, San Francisco banned e-cigarette sales completely. That means no bricks-and-mortar sales. And no e-cigarette deliveries for online purchases. Many cities already restrict vaping and e-cigarette sales.
Is Imperial Brands PLC (LON:IMB) a good dividend stock? How can we tell? Dividend paying companies with growing...
JPMorgan Cazenove called the acknowledgment of Imperial’s unsustainable dividend policy “a small step in the right direction” that added about 1 per cent to earnings per share. ● RBC Capital Markets repeated “buy” advice on Cineworld with a 400p target, based in part on speculation that the cinema operator might be a bid target for private equity.
Imperial Brands, the maker of Winston and Lambert & Butler cigarettes, will drop a longstanding dividend target to fund investment in tobacco alternatives as smoking declines in western markets. The FTSE 100 company said on Monday it would end its 10 per cent annual growth target for its dividend after this financial year and base its future payouts on the performance of the business. Imperial has maintained its dividend growth at 10 per cent for the past 11 years, prompting questions over how much longer it could be sustained.
(Bloomberg) -- Imperial Brands Plc abandoned its dividend target after competition from electronic-cigarette maker Juul Labs Inc. eroded revenue growth at the smallest of the world’s major tobacco companies.The maker of Winston cigarettes said Monday that this is the last fiscal year that it will keep its dividend increase steady at 10%. The stock rose as much as 2.7% in morning trading in London after the company announced a 200 million-pound ($250 million) share buyback program to ease the transition away from the decade-old policy.Imperial’s full-year revenue growth target is at risk as newcomer Juul has gobbled up nearly half of the U.S. vaping market in the past three years, according to Euromonitor figures. Meanwhile, larger rivals Philip Morris International Inc. and British American Tobacco Plc have bigger research budgets to add new smoking alternatives, clouding the outlook for Imperial.“This is something investors have been asking for, to abandon a restrictive dividend policy,” said Alicia Forry, an analyst at Investec.The shares have lost half their value since their peak in 2016 and are trading near an eight-year low.Imperial has been trying to raise as much as 2 billion pounds through an asset disposal program announced in 2018. While proceeds so far have only been about 280 million pounds, the company said Monday that the plan is on track for completion by May, at which time it will decide how to use the proceeds. In April, Imperial flagged a plan to sell its premium cigar business, which distributes Cuban brands such as Cohiba.The 2 billion-pound target was always an optimistic, blue-sky scenario, according to Liberum’s Nico von Stackelberg. He added that the company’s premium-cigar business may well fetch 1.5 billion pounds, while some other assets may also be on the table.Imperial’s dividend policy will cost it a total of almost 2 billion pounds this year. Keeping the 10% target would have meant the company would have had to devote at least 200 million pounds a year to increasing dividends.The company’s attempt to improve its financial position “looks precarious, based as it is on profitability from an industry undergoing significant disruption,” wrote James Edwardes Jones, an analyst at RBC Europe.Fitch Ratings said in April that tobacco companies including Imperial Brands have “low rating headroom” due to generous shareholder return policies and as the market for traditional cigarettes shrinks. The agency rates Imperial Brands debt “BBB,” which is the lowest level considered investment-grade.\--With assistance from Lisa Pham.To contact the reporter on this story: Corinne Gretler in Zurich at email@example.comTo contact the editors responsible for this story: Eric Pfanner at firstname.lastname@example.org, Thomas Mulier, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Pity British Airways (well, almost). Facebook was fined under the old regime, before the EU General Data Protection Regulation came into force last May. Then £500,000 was the maximum penalty the ICO could impose. The airline's chair and chief executive, Alex Cruz, says he is “surprised and disappointed”.
Maybe beleaguered fund manager Neil Woodford can catch a break, after all. , tobacco group Imperial Brands, announced a £200m share buyback — lifting its share price by 2.5 per cent and giving Mr Woodford the chance to release some more cash from his £260m holding, for investors trapped in his Equity Income fund. After two years of share price declines, news that the company was dropping its 10 per cent dividend growth target in favour of “progressive” increases, a £200m buyback, debt reduction and acquisitions met with a positive response.
The Morningstar U.S. Consumer Defensive Index gained 5% quarter to date through June 21, in line with the 3% uptick in the broader market (Exhibit 1). Sector performance has strengthened over the last three months - source: Morningstar Analysts As a whole, the sector isn't terribly attractive valuation-wise.
Swiss pharmaceutical giant Roche Pharmaceuticals became the first security on OTC Markets to reach $4 billion in dollar trading volume in 2019, according to OTC Markets data. Dollar volume in the Swiss ...
Based on Imperial Brands PLC's (LON:IMB) earnings update in March 2019, the consensus outlook from analysts appear...
The Nielsen report had pushed down shares of Imperial Brands, British American Tobacco and Altria between 1% and 3% on Tuesday. Imperial Brands said late on Wednesday that its figures were based on data from MSAi, which compiles data from over 300,000 stores, representing at least 95% of U.S. tobacco volumes. The company also said it expects U.S. industry volumes to fall between 4.5% and 5% in 2019, close to larger rival Altria's forecast of a 4%-5% drop.
The FTSE 100 was 0.1% lower, while the mid-cap FTSE 250 rose 0.4%. British American Tobacco and Imperial Brands were among the biggest drags on the main index after data from Nielsen showed cigarette industry volumes deteriorated in the four weeks to May 18. The session's trading came against the backdrop of continued uncertainty over China's trade dispute with the United States, after U.S. President Donald Trump said Washington was not ready to make a deal with Beijing but that he expected one in the future.
As the pound fell, the FTSE 250 lost 1.4% to hit its lowest point since March 29, when Britain was originally scheduled to exit the European Union. Dublin's main index, often regarded as a barometer of Brexit jitters, was also down nearly 1.4%. The turmoil was compounded when prominent Brexit supporter and Leader of the House of Commons, Andrea Leadsom, resigned from the government.
Britain's biggest domestic lender Lloyds Banking Group said on Thursday it would pay dividends quarterly from the first quarter of 2020, in a move aimed at distributing income to its 2.4 million shareholders more regularly and efficiently. The new approach will see the lender adopt three equal interim ordinary dividend payments for first three quarters of year followed by, subject to performance, a larger final dividend in the fourth quarter, the bank said in a statement. Lloyds is one of Britain's biggest dividend payers and distributed around 4 billion pounds to investors in 2018.
The FTSE 250 was up 0.3 percent, helped by gains in industrial and oil stocks. World markets saw an uptick after the U.S. said it had received an indication that Beijing wanted to make a trade deal. Washington earlier announced it would raise tariffs on $200 billion worth of Chinese imports.
British tobacco company Imperial Brands reported weaker-than-expected sales of its e-cigarettes on Wednesday, citing a temporary slowdown in the United States, helping to send its shares to their lowest level this year. The maker of Gauloises cigarettes and blu e-cigarettes reported higher half-year revenue in line with analysts' estimates and earnings per share that were above forecasts. Chief Executive Alison Cooper told Reuters a slowdown in the United States was to blame, with sales there hurt by a regulatory backlash against youth vaping.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In 2010 Alison Cooper was appointed CEO of Imperial Brands PLC (LON:IMB). First, this arti...