Imperial Brands (STU:ITBA) Dividend Payout Ratio: 0.63 (As of Mar. 2026) — Near Median


STU:ITBA Imperial Brands PLC STU:ITBA
72 GF Score
Price €32.40
GF Value €20.71
! 3 Warning Signs
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What is Imperial Brands Dividend Payout Ratio?

Imperial Brands STU:ITBA 72 Dividend Payout Ratio is 0.63 as of Mar. 2026, which is 7% above its 10-year median of 0.59. GuruFocus rates STU:ITBA with a GF Score™ of 72/100 and a GF Value™ of €20.71. The stock has 3 warning signs investors should review. Among 29 Tobacco Products companies, Imperial Brands ranks better than 62.07% 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. Imperial Brands's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.63.

The historical rank and industry rank for Imperial Brands's Dividend Payout Ratio or its related term are showing as below:

STU:ITBA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.59   Max: 0.73
Current: 0.51

During the past 13 years, the highest Dividend Payout Ratio of Imperial Brands was 0.73. The lowest was 0.50. And the median was 0.59.

STU:ITBA's Dividend Payout Ratio is ranked better than
62.07% of 29 companies
in the Tobacco Products industry
Industry Median: 0.68 vs STU:ITBA: 0.51

As of today (2026-06-30), the Dividend Yield % of Imperial Brands is 5.76%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Imperial Brands was 15.49%. The lowest was 3.20%. And the median was 7.01%.

Imperial Brands's Dividends per Share for the months ended in Mar. 2026 was €0.92.

During the past 12 months, Imperial Brands's average Dividends Per Share Growth Rate was 4.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Imperial Brands was 58.70% per year. The lowest was -10.30% per year. And the median was 10.35% 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.

Imperial Brands (STU:ITBA) 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.

Imperial Brands Dividend Payout Ratio Related Terms

Imperial Brands Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Imperial Brands'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.

Imperial Brands Dividend Payout Ratio Chart

Imperial Brands Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.33 0.52 0.50 0.61

Imperial Brands Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.26 0.89 0.43 0.63

STU:ITBA vs PM, MO, TPB: Dividend Payout Ratio Comparison

For the Tobacco subindustry, Imperial Brands'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.

Imperial Brands Dividend Payout Ratio vs Tobacco Products Industry

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

* The bar in red indicates where Imperial Brands's Dividend Payout Ratio falls into.


STU:ITBA
72GF Score
Imperial Brands PLC STU:ITBA
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Imperial Brands 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.

Imperial Brands's Dividend Payout Ratio for the fiscal year that ended in Sep. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Sep. 2025 )/ EPS without NRI (A: Sep. 2025 )
=2.183/ 3.601
=0.61

Imperial Brands's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.92/ 1.464
=0.63

* 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 0.63 mean?
Imperial Brands (STU:ITBA) has a Dividend Payout Ratio of 0.63 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Imperial Brands and its competitors. This is near median its historical median of 0.59. Over the past decade, Imperial Brands' Dividend Payout Ratio has ranged from 0.50 to 0.73. According to the industry distribution chart, Imperial Brands ranks #11 out of 29 companies in the Tobacco Products industry, placing it in the top 37.9%.
Is Imperial Brands' Dividend Payout Ratio too high?
Imperial Brands' current Dividend Payout Ratio of 0.63 is near median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 0.73. The Tobacco Products industry median Dividend Payout Ratio is 0.68. Imperial Brands' value of 0.63 is 7.4% below this industry median. Based on the distribution chart, Imperial Brands ranks #11 out of 29 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, Imperial Brands has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Imperial Brands' Dividend Payout Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, Imperial Brands ranks #11 out of 29 companies for Dividend Payout Ratio. This puts Imperial Brands in the upper half of its industry. The industry median Dividend Payout Ratio is 0.68. Imperial Brands' value of 0.63 is 7.4% below this benchmark. Historically, Imperial Brands' own Dividend Payout Ratio has ranged from 0.50 to 0.73 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.68, Imperial Brands 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. Imperial Brands's current Dividend Payout Ratio of 0.63 is 7.4% 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 Imperial Brands 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. Imperial Brands's current Dividend Payout Ratio is 0.63, which is near median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Brands stock overvalued right now?
Imperial Brands (STU:ITBA) has a current Dividend Payout Ratio of 0.63. The stock's GF Value™ is €20.71, compared to a current price of €32.40 — trading 56.4% above its estimated fair value. The current Dividend Payout Ratio is 0.63, which is near median its 10-year median of 0.59 and 7.4% below the Tobacco Products industry median of 0.68. Imperial Brands' overall GF Score™ is 72/100 with 3 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 Imperial Brands (STU:ITBA), the current Dividend Payout Ratio is 0.63 as of Mar. 2026. 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 Imperial Brands (STU:ITBA) Overvalued in 2026?

Based on GuruFocus' analysis, Imperial Brands stock appears to be overvalued. The current stock price of €32.40 is trading 56.4% above its estimated GF Value™ of €20.71.

Key valuation signals for STU:ITBA:

  • Dividend Payout Ratio: 0.63 (near median its 10-year median of 0.59)
  • GF Value™: €20.71 vs. price of €32.40 (56.4% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 7.4% below the Tobacco Products median (#11 of 29)

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

Imperial Brands Business Description

Address 121 Winterstoke Road, Bristol, GBR, BS3 2LL
Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco), with total fiscal 2025 volume of 187 billion cigarettes sold in more than 120 countries. Its largest and most important markets are the US (where it sits as the third-largest manufacturer, following its acquisition of the Winston and Blu brands), Germany, the UK, Spain, and Australia. The firm also holds a leading global position in the fine-cut tobacco and hand-rolling paper categories. It has a logistics platform in Western Europe, Altadis.
72GF Score

Get the complete analysis for STU:ITBA

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

€32.40
Price
€20.71
GF Value