|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.44 - 9.51|
|52 Week Range||7.10 - 9.52|
|Beta (5Y Monthly)||0.12|
|PE Ratio (TTM)||8.25|
|Forward Dividend & Yield||0.18 (2.00%)|
|Ex-Dividend Date||Apr 14, 2021|
|1y Target Est||N/A|
Tobacco and nicotine products maker Swedish Match plans to spin off its U.S. cigar business to shareholders and list it on the stock market, the company said. A spin-off would mean that Swedish Match, which sold its cigarette business in 1999, exits the combustible tobacco products segments. "Swedish Match has initiated preparations for a separation and a subsequent listing on a major U.S. securities exchange," it said in a statement on Tuesday.
Swedish Match today announced that it intends to separate its cigar business via a spin-off to shareholders and to completely exit the manufacturing of combustible tobacco products. Swedish Match has initiated preparations for a separation and a subsequent listing on a major US securities exchange, with a final decision on execution subject to various considerations. The separation is expected to be completed during the second half of 2022, at the earliest.
Swedish Match AB Unsponsored ADR (SWMAY) delivered earnings and revenue surprises of 10.00% and 8.93%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?