British American Tobacco Kenya (NAI:BAT) Dividend Payout Ratio: 0.44 (As of Dec. 2025) — 48% Below Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NAI:BAT British American Tobacco Kenya PLC NAI:BAT
69 GF Score
Price KES579.00
GF Value KES355.31
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is British American Tobacco Kenya Dividend Payout Ratio?

British American Tobacco Kenya NAI:BAT -0.17% 69 Dividend Payout Ratio is 0.44 as of Dec. 2025, which is 48% below its 10-year median of 0.84. GuruFocus rates NAI:BAT with a GF Score™ of 69/100 and a GF Value™ of KES355.31 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 29 Tobacco Products companies, British American Tobacco Kenya ranks worse than 79.31% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. British American Tobacco Kenya's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.44.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of British American Tobacco Kenya PLC is 1.05, which seems too high.

The historical rank and industry rank for British American Tobacco Kenya's Dividend Payout Ratio or its related term are showing as below:

NAI:BAT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.84   Max: 1.05
Current: 1.05

During the past 7 years, the highest Dividend Payout Ratio of British American Tobacco Kenya was 1.05. The lowest was 0.59. And the median was 0.84.

NAI:BAT's Dividend Payout Ratio is ranked worse than
79.31% of 29 companies
in the Tobacco Products industry
Industry Median: 0.68 vs NAI:BAT: 1.05

As of today (2026-07-27), the Dividend Yield % of British American Tobacco Kenya is 12.09%.

During the past 7 years, the highest Trailing Annual Dividend Yield of British American Tobacco Kenya was 16.70%. The lowest was 6.84%. And the median was 10.94%.

British American Tobacco Kenya's Dividends per Share for the months ended in Dec. 2025 was KES10.00.

During the past 12 months, British American Tobacco Kenya's average Dividends Per Share Growth Rate was 10.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.40% per year.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of British American Tobacco Kenya was 19.40% per year. The lowest was 0.00% per year. And the median was 9.95% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

British American Tobacco Kenya (NAI:BAT) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

British American Tobacco Kenya Dividend Payout Ratio Related Terms

British American Tobacco Kenya Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for British American Tobacco Kenya's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

British American Tobacco Kenya Dividend Payout Ratio Chart

British American Tobacco Kenya Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial 0.68 0.77 1.02 1.03 0.98

British American Tobacco Kenya Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 2.11 0.21 1.51 0.44

NAI:BAT vs PM, MO, TPB: Dividend Payout Ratio Comparison

For the Tobacco subindustry, British American Tobacco Kenya's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

British American Tobacco Kenya Dividend Payout Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco Kenya's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where British American Tobacco Kenya's Dividend Payout Ratio falls into.


NAI:BAT
69GF Score
British American Tobacco Kenya PLC NAI:BAT
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

British American Tobacco Kenya Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

British American Tobacco Kenya's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=55/ 56.129
=0.98

British American Tobacco Kenya's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=10/ 22.63
=0.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.44 mean?
British American Tobacco Kenya (NAI:BAT) has a Dividend Payout Ratio of 0.44 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on British American Tobacco Kenya and its competitors. This is 48% below median its historical median of 0.84. Over the past decade, British American Tobacco Kenya's Dividend Payout Ratio has ranged from 0.59 to 1.05. According to the industry distribution chart, British American Tobacco Kenya ranks #23 out of 29 companies in the Tobacco Products industry, placing it in the top 79.3%.
Is British American Tobacco Kenya's Dividend Payout Ratio too high?
British American Tobacco Kenya's current Dividend Payout Ratio of 0.44 is 48% below median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.05. The Tobacco Products industry median Dividend Payout Ratio is 0.68. British American Tobacco Kenya's value of 0.44 is 35.3% below this industry median. Based on the distribution chart, British American Tobacco Kenya ranks #23 out of 29 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, British American Tobacco Kenya has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco Kenya's Dividend Payout Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Kenya ranks #23 out of 29 companies for Dividend Payout Ratio. This places British American Tobacco Kenya in the lower half of its industry. The industry median Dividend Payout Ratio is 0.68. British American Tobacco Kenya's value of 0.44 is 35.3% below this benchmark. Historically, British American Tobacco Kenya's own Dividend Payout Ratio has ranged from 0.59 to 1.05 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 0.68, British American Tobacco Kenya has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Tobacco Products company?
The median Dividend Payout Ratio among Tobacco Products companies is 0.68, based on 29 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. British American Tobacco Kenya's current Dividend Payout Ratio of 0.44 is 35.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on British American Tobacco Kenya and its competitors. For the Tobacco Products industry, the median Dividend Payout Ratio is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Kenya's current Dividend Payout Ratio is 0.44, which is 48% below median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British American Tobacco Kenya stock overvalued right now?
Based on GuruFocus' analysis, British American Tobacco Kenya (NAI:BAT) is currently considered Significantly Overvalued. The stock's GF Value™ is KES355.31, compared to a current price of KES579.00 — trading 63% above its estimated fair value. The current Dividend Payout Ratio is 0.44, which is 48% below median its 10-year median of 0.84 and 35.3% below the Tobacco Products industry median of 0.68. British American Tobacco Kenya's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For British American Tobacco Kenya (NAI:BAT), the current Dividend Payout Ratio is 0.44 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is British American Tobacco Kenya (NAI:BAT) Overvalued in 2026?

Based on GuruFocus' analysis, British American Tobacco Kenya stock appears to be overvalued. The current stock price of KES579.00 is trading 63% above its estimated GF Value™ of KES355.31. GuruFocus considers British American Tobacco Kenya to be Significantly Overvalued.

Key valuation signals for NAI:BAT:

  • Dividend Payout Ratio: 0.44 (48% below median its 10-year median of 0.84)
  • GF Value™: KES355.31 vs. price of KES579.00 (63% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 35.3% below the Tobacco Products median (#23 of 29)

No single metric tells the full story. See the NAI:BAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

British American Tobacco Kenya Business Description

Address 08 Likoni Road, P. O. Box 30000, Industrial Area, Nairobi, KEN, 00100
British American Tobacco Kenya PLC multi-category consumer goods business that operates internationally. The business activities of the company involves activities ranging from the growing of tobacco leaf to the distribution and sale of finished tobacco products and nicotine products without tobacco. The product portfolio of the company comprises a range of high-quality and creative products, including cigarettes (combustible products), cut-rug tobacco (unprocessed tobacco), and potentially reduced-risk category of tobacco-free oral nicotine products.
69GF Score

Get the complete analysis for NAI:BAT

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KES579.00
Price
KES355.31
GF Value