Imperial ups divi after meeting full-year forecasts

Profit growth at Imperial Tobacco was broadly in line with expectations in the year to the end of September, helping the firm to raise its dividend payout ratio and increase its full-year payout by over a tenth.

Profit growth at Imperial Tobacco was broadly in line with expectations in the year to the end of September, helping the firm to raise its dividend payout ratio and increase its full-year payout by over a tenth.

Tobacco net revenue in the 12 months to September 30th increased by 1% from £6,913m to £7,005m, a 4% increase on a constant currency basis. Growth in the company's 'key strategic brands' (Davidoff, Gauloises Blondes, West and JPS) was much better though at 13%.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.