Imperial Brands Dividends - IMB

Imperial Brands Dividends - IMB

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Stock Name Stock Symbol Market Stock Type
Imperial Brands Plc IMB London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.50 -0.03% 1,835.50 16:35:18
Open Price Low Price High Price Close Price Previous Close
1,815.50 1,808.00 1,851.50 1,835.50 1,836.00
more quote information »
Industry Sector
TOBACCO

Imperial Brands IMB Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
17/05/2022InterimGBX21.2730/09/202130/09/202218/08/202219/08/202230/09/20220
17/05/2022InterimGBX21.2730/09/202130/09/202226/05/202227/05/202230/06/20220
16/11/2021InterimGBX48.4830/09/202030/09/202125/11/202126/11/202131/12/20210
16/11/2021FinalGBX48.4830/09/202030/09/202117/02/202218/02/202231/03/2022139.08
18/05/2021InterimGBX21.0630/09/202030/09/202127/05/202128/05/202130/06/20210
18/05/2021InterimGBX21.0630/09/202030/09/202119/08/202120/08/202130/09/20210
17/11/2020FinalGBX48.0130/09/201930/09/202018/02/202119/02/202131/03/2021137.71
17/11/2020InterimGBX4830/09/201930/09/202026/11/202027/11/202031/12/20200
19/05/2020InterimGBX20.8530/09/201930/09/202020/08/202021/08/202030/09/20200
19/05/2020InterimGBX20.8530/09/201930/09/202028/05/202029/05/202030/06/20200
05/11/2019FinalGBX72.0130/09/201830/09/201920/02/202021/02/202031/03/2020206.57
05/11/2019InterimGBX7230/09/201830/09/201921/11/201922/11/201931/12/20190
09/05/2019InterimGBX31.2830/09/201830/09/201923/05/201924/05/201928/06/20190
09/05/2019InterimGBX31.2830/09/201830/09/201922/08/201923/08/201930/09/20190
06/11/2018FinalGBX65.4630/09/201730/09/201821/02/201922/02/201929/03/2019187.79
06/11/2018InterimGBX65.4630/09/201730/09/201822/11/201823/11/201831/12/20180
09/05/2018InterimGBX28.4330/09/201730/09/201824/05/201825/05/201829/06/20180
09/05/2018InterimGBX28.43530/09/201730/09/201823/08/201824/08/201828/09/20180
07/11/2017FinalGBX59.5130/09/201630/09/201722/02/201823/02/201829/03/2018170.72
07/11/2017InterimGBX59.5130/09/201630/09/201716/11/201717/11/201729/11/20170
03/05/2017InterimGBX25.8530/09/201630/09/201718/05/201719/05/201730/06/20170
03/05/2017InterimGBX25.8530/09/201630/09/201717/08/201718/08/201729/09/20170
08/11/2016InterimGBX54.430/09/201530/09/201617/11/201618/11/201630/12/20160
08/11/2016FinalGBX54.430/09/201530/09/201617/11/201618/11/201630/12/2016155.2
04/05/2016InterimGBX23.530/09/201530/09/201618/08/201619/08/201630/09/20160
04/05/2016InterimGBX23.530/09/201530/09/201619/05/201620/05/201630/06/20160
03/11/2015InterimGBX49.130/09/201430/09/201519/11/201520/11/201531/12/20150
03/11/2015FinalGBX49.130/09/201430/09/201504/02/201605/02/201631/03/2015141
06/05/2015InterimGBX21.430/09/201430/09/201527/08/201528/08/201530/09/20150
06/05/2015InterimGBX21.430/09/201430/09/201528/05/201529/05/201530/06/20150
04/11/2014FinalGBX89.330/09/201330/09/201415/01/201516/01/201517/02/2015128.1
07/05/2014InterimGBX38.830/09/201330/09/201416/07/201418/07/201419/08/20140
05/11/2013FinalGBX81.230/09/201230/09/201315/01/201417/01/201417/02/2014116.4
30/04/2013InterimGBX35.230/09/201230/09/201317/07/201319/07/201316/08/20130
30/10/2012FinalGBX73.930/09/201130/09/201216/01/201318/01/201318/02/2013105.6
01/05/2012InterimGBX31.730/09/201130/09/201218/07/201220/07/201217/08/20120
01/11/2011FinalGBX6730/09/201030/09/201118/01/201220/01/201217/02/201295.1
10/05/2011InterimGBX28.130/09/201030/09/201120/07/201122/07/201119/08/20110
02/11/2010FinalGBX6030/09/200930/09/201019/01/201121/01/201118/02/201184.3
27/04/2010InterimGBX24.330/09/200930/09/201021/07/201023/07/201020/08/20100
10/11/2009FinalGBX5230/09/200830/09/200920/01/201022/01/201019/02/201073
04/06/2009InterimGBX2130/09/200830/09/200917/06/200919/06/200919/08/20090
25/11/2008FinalGBX42.230/09/200730/09/200821/01/200923/01/200920/02/200963.1
20/05/2008InterimGBX2430/09/200730/09/200804/06/200806/06/200808/08/20080
30/10/2008FinalGBX45.530/09/200630/09/200716/01/200818/01/200815/02/200869.5
30/04/2007InterimGBX2101/10/200631/03/200711/07/200713/07/200710/08/20070
31/10/2006FinalGBX43.530/09/200530/09/200617/01/200719/01/200716/02/200762
26/04/2006InterimGBX18.501/10/200531/03/200605/07/200607/07/200604/08/20060
01/11/2005FinalGBX39.530/09/200430/09/200518/01/200620/01/200617/02/200656
26/04/2005InterimGBX16.501/10/200431/03/200506/07/200508/07/200505/08/20050
09/11/2004FinalGBX3530/09/200330/09/200419/01/200521/01/200518/02/200550
28/04/2004InterimGBX1501/10/200331/03/200407/07/200409/07/200406/08/20040
17/11/2003FinalGBX3030/09/200230/09/200321/01/200423/01/200420/02/200442
10/04/2003InterimGBX1231/03/200231/03/200309/07/200311/07/200308/08/20030
25/11/2002FinalGBX2328/09/200128/09/200222/01/200324/01/200321/02/200335
02/05/2002InterimGBX1230/09/200130/03/200210/07/200212/07/200209/08/20020
26/11/2001FinalGBX23.729/09/200029/09/200123/01/200225/01/200222/02/200234.5
09/05/2001InterimGBX10.824/09/200024/03/200111/07/200113/07/200110/08/20010
27/11/2000FinalGBX21.623/09/199923/09/200022/01/200126/01/200123/02/200131.7
08/05/2000InterimGBX10.125/09/199925/03/200010/07/200014/07/200011/08/20000
29/11/1999FinalGBX18.725/09/199825/09/199906/12/199910/12/199911/02/200027.5
30/11/1998FinalGBX15.826/09/199726/09/199807/12/199811/12/199812/02/199923.4

Top Dividend Posts

DateSubject
30/5/2022
14:40
scrwal: I don't normally like buybacks but could accept IMB doing it when the dividend yield was actually much higher. Yes you get concentration from a smaller number of shares etc but what you are doing is spending cash on shares which have no servicing requirements other than dividends. You are still left with debt at whatever lower % but on top of the interest you still have to pay back capital so on a cash flow annual basis in the shorter term you will be worse off with a buy back as the dividend saved on fewer shares is probably lower than the loan repayments due.
30/5/2022
12:14
marktime1231: Why? Why do you prefer debt reduction to buybacks in all circumstances? Why would you continue to pay down debt which costs <3%, why would you continue to rapidly drive down borrowing to a sub-optimal level which Bomhard says is around 2 x ebitda, when the cost of paying dividends is >7%? The economics are clear while shares are so cheap. Why not divert some of the surplus cash to buybacks, you get twice the bang for your buck? When the headline in the analyst report is no longer the "mountain of debt" negative sentiment why keep paying it down so sharply? A buyback is on the cards so that ESG-minded institutions can sell down without dumping on the market, something which has probably been depressing the share price, partly why we are on a p/e of 7. A buyback is what some analysts and big institutional holders want, they have been asking for it. A buyback may or may not directly strengthen the share price, but it is a bit perverse to say the board is selfishly minding their own interests by consolidating value. A buyback concentrates the value of remaining shares and increases pro-rata the dividend-per-share, payments can be progressed without increasing the gross cost of the dividend. Permanently. Embedding dividend progress. That is a good thing, isn't it? Especially if you are here for the long term. Bomhard has promised to consider capital returns when net debt is approaching 2 x ebitda. He may continue to chip away at debt to reinforce IMBs credit worthyness and image of financial prudence. But not at the £1B+ pa rate he is cutting debt at the moment. Not forever. You may be more comfortable with even lower debt (I suspect Bomhard is himself similarly conservative), but there is a level at which it becomes less of a priority. There has to be a limit, where is yours? By capital returns I am hoping he means buybacks and no splashing out special dividends. No need to ramp up the distributions. He does not need to bribe the market because the yield is already about the best you can get. A buyback makes good sense for all sorts of reasons, once you get past the notion that is not an attempt to artificially support the share price for the benefit of the board. It would, all else being equal, make the long-term dividend prospect more secure and attractive. It may or may not also support the share price. Dismissing buybacks as always disappointing, as a fad, as an easy option, as self-interest is harsh, a bit of a prejudice actually. When debt is in control and the cost of debt is lower than the cost of divdends.
25/5/2022
22:22
marktime1231: IMB in better shape than it has been for two and a half years, my feeling is that the share price is set to keep getting stronger, not too worried by any bumps around the dividend cycle. Investors' Chronicle, which as a matter of policy seems to be harsh on anything which doesn't agree with ESG ideals, in the person of Christopher Akers posted a Sell note over the weekend. Despite acknowledging that Bomhard's strategy appears to be succeeding, despite phenomenal debt reduction progress from super cash flow, despite the consensus view from analysts that on balance of risk/reward the outlook is a 15-20% upside. Apart from the obvious negative of being a tobacco company Akers warns that the US FDA is moving towards a ban on menthol cigarettes, which a bit of research says could account for up 10% of that market revenues. Hmmm. The consequence of such a ban was immediately priced in when it was first mooted. 4 years ago. And they are still talking about proposals. No mention of the excellent dividend yield. No mention of the consumer defensive quality of tobacco in the face of an inflation cycle. No mention of a possible buyback starting next year. But Akers says "we are not yet convinced of the merits of an upgrade". The "we" is presumably the voices in his head. The "yet" is utterly bonkers. Another example where IC is telling punters to Sell a stock which has an improving share price and an improving outlook because the story is mostly good. They mean the opposite of what they conclude, ignore the ethical filter, it is a logical Buy as an investment.
16/5/2022
17:03
marktime1231: The net effect of a stronger dollar will be interesting to see. Yes tobacco is a mature declining market, we know this, IMB is not a growth pick. But if you believe in the reports since Bomhard set his course then by advancing prices, restraining costs and concentrating on core markets IMB are able to offset volume decline. The latest guidance said expect +1% even after the Russia exit. Certainly the outlook is that pricing will sustain revenues enough to continue to dramatically reduce net debt, progress the dividend, and (cue frothing at the mouth from those who do not appreciate the economic advantage) hopefully enough surplus to buyback a good chunk of shares to appease institutions looking to offload. If they are able to start a buyback to begin to clear the overhang of sellers it just might stimulate an improving share price. If not it will concentrate the dividend. Other bigger tobacco stocks are perhaps better able to chase growth through novel products, and take on the risks of how the regulators will respond. Good luck to them. IMB tried that and decided the risks were greater than the rewards, so it has chosen a different strategy based on the core business, and pays a significantly superior dividend. Different yes, but which is better depends on your point of view.
11/2/2022
12:07
marktime1231: BAT putting surplus proceeds into a buyback, something we expect from IMB in due course, will please the institutional investors if not Spud. £2B through Dec 2022 is about 2-2.5% of market cap. IMB could spend less than half that amount of cash and return twice as much to investors pro-rata, underpinning much better dividend growth than BATs measly +1%. Does IMB have the surplus cash flow available yet, well maybe not through the big dividend cycle we are enjoying right now, but by the time of the Interims in May I would say yes. That sort of announcement increasingly likely. In comparison I would say IMBs recent results were better. BAT has declining revenues from conventional products whereas IMB was able to report revenue growth through pricing up. BATs slow growth in next gen is still making losses. Nevertheless BATs net margin 30-35% towers over IMBs 7-10%. BAT saying benefit from pricing up will be weighted to second quarter means it is not enjoying much benefit at the moment. I wonder if Bomhard's plan of making the most from IMBs core markets, trying to get more margin from weaker brands, is a short term winner albeit in the longer term BAT will be a winner from the next gen market. Very rewarding to have IMB nudge through £18 this morning, no doubt triggering lots of stop-gains, now we need to watch to see if it will hit resistance or step on up.
02/2/2022
02:36
cassini: 1viky, Yes. However, if instead you sold, say, the day before ex-div, on the 16th, you'd still in effect get the full value of the dividend, but it would form part of the share price. On ex-div day, the 17th, IMB should open 48p lower than at the close the day before as the 48p dividend has then theoretically been taken off the company's books (and therefore share price) overnight and allocated to shareholders. So, you will get the 48p per share dividend paid to you (a while later) but that 48p divi just came off the price you got for the share! To complicate matters further, it seems a lot of people (for tax reasons or whatever) like to sell out of IMB a little before ex-dividend day rather than take the divi so it's not unusual for IMB's price to peak a week or more before ex-dividend day (and crater in the days following ex-div day), so it can pay to actually sell out early. There are no guarantees things will go the way I described though so selling out early is a gamble, IMB has been showing strength recently.
11/1/2022
12:44
marktime1231: BAT is cheap but IMB is cheaper on p/e. IMB has heavy debt but BAT's is colossal. Both are cutting debt fast. BAT pays 7.5% but IMB pays 8.5%. Both cut dividends deeply in the last 5 years and lost half their share price as a result but both now look sustainable and are reporting "on track". IMB is attempting to stablise revenues by reinforcing its tobacco brands in its core markets, while BAT is investing more in next gen products. It remains to be seen if and when either strategy will succeed, but all they need to do over the next ten years is keep making profits without blowing it all on vanity projects or cash handouts. Neither wins in terms of global sales (China companies) or premium brands (PMI/JTI). IMB has about a quarter of BATs market cap and so might be an easier acquisition target. Both are printing cash and represent an inflation safe haven as punters rotate out of growth into defensive value. IMB got a boost during covid lockdown I think because restrictions cut out cross-border smuggling and the trade in fake cigarettes, punters had to buy more of the real thing locally. BAT may also have benefitted. That boost seems to have outweighed the decline in duty free trade. Both sell death in a declining market with known and as yet unknown regulatory threats. Their markets will probably be much smaller and look very different in 10 or 20 years time. There is a case to invest in both or neither, they are more similar than different.
11/1/2022
11:46
spud: Peter Merkovic knocking IMB (he is Long BTI) https://seekingalpha.com/article/4478829-imperial-brands-least-impressive-of-big-tobacco Imperial Brands: Least Impressive Out Of Big Tobacco Jan. 10, 2022 2:41 PM ETImperial Brands PLC (IMBBF), IMBBYBTAFF, BTI, PM17 Comments8 Imperial Brands is a dividend powerhouse offering an 8.5% dividend yield and seems to be trading at very attractive valuations. However, the company's future is plagued by the lack of top-of-the-line brands and the late entry into the new categories market. In the face of these issues, it is becoming increasingly difficult to rate this British-based tobacco giant a buy. spud
06/12/2021
06:45
glavey: I don't think that's right Spud: "SAIM5150 - Dividends and other company distributions: stock dividends: introduction ‘Stock dividends’ are taxable as income ‘Stock dividend’ as a general term is often used to describe the case where a company, particularly a quoted company, offers its shareholders the option of receiving additional shares in lieu of a cash dividend, as bonus share capital (meaning no new consideration is provided to the company in return). This may be advantageous to the shareholder, who can avoid the dealing costs involved in buying fresh shares in the company, and may be preferable to the company which does not have to pay out cash. ‘Stock dividends’ may also be referred to as ‘scrip dividends’ or ‘bonus issues’. Stock dividends as defined in the legislation are treated as income by virtue of CTA10/S1049, and taxable as savings income under ITTOIA05/PART4/CHAPTER5 S409 to S414. Meaning of ‘stock dividend income’ ITTOIA05/S409 imposes a tax charge on ‘stock dividend income’. ITTOIA05/S410 defines ‘stock dividend income’ as arising if a UK resident company issues share capital in the following circumstances: as a result of the shareholder exercising an option to choose whether to receive an ordinary cash dividend or additional share capital (CTA10/S410(1)(a)), or in respect of shares which, under their terms (whether original or otherwise), carry the right to bonus share capital (CTA10/S410(1)(b)). hTTps://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim5150
06/12/2021
06:43
glavey: SAIM5150 - Dividends and other company distributions: stock dividends: introduction ‘Stock dividends’ are taxable as income ‘Stock dividend’ as a general term is often used to describe the case where a company, particularly a quoted company, offers its shareholders the option of receiving additional shares in lieu of a cash dividend, as bonus share capital (meaning no new consideration is provided to the company in return). This may be advantageous to the shareholder, who can avoid the dealing costs involved in buying fresh shares in the company, and may be preferable to the company which does not have to pay out cash. ‘Stock dividends’ may also be referred to as ‘scrip dividends’ or ‘bonus issues’. Stock dividends as defined in the legislation are treated as income by virtue of CTA10/S1049, and taxable as savings income under ITTOIA05/PART4/CHAPTER5 S409 to S414. Meaning of ‘stock dividend income’ ITTOIA05/S409 imposes a tax charge on ‘stock dividend income’. ITTOIA05/S410 defines ‘stock dividend income’ as arising if a UK resident company issues share capital in the following circumstances: as a result of the shareholder exercising an option to choose whether to receive an ordinary cash dividend or additional share capital (CTA10/S410(1)(a)), or in respect of shares which, under their terms (whether original or otherwise), carry the right to bonus share capital (CTA10/S410(1)(b)). hTTps://www.gov.uk/hmrc-internal-manuals/savings-and-investment-manual/saim5150
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