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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): British American Tobacco p.l.c. (BTAFF) pays a $2.45 annual dividend ($0.61 quarterly), yielding 5.57% at $58.38/share. Next ex-dividend date 2026-12-24. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.57%
Annual Dividend: $2.45 per share
Payout Ratio: 83.4%
Ex-Dividend Date: 2026-12-24
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 16
British American Tobacco p.l.c. dividend stands at a 5.59% yield, backed by a global portfolio of tobacco and nicotine products sold under brands like Vuse, Camel Snus, Lucky Strike, and Newport. Over the trailing twelve months, BTAFF paid $2.45 per share in actual dividends, with payments made quarterly and the next ex-dividend date set for December 24, 2026. With a beta of 0.099, BTAFF stock moves almost independently of broader market swings, which appeals to income-focused investors who prioritize predictable cash flow over price appreciation.
British American Tobacco p.l.c. pays out 83.4% of earnings as dividends, a payout ratio classified as high (above 75%). That level is sustained in part by the company's global reach across combustibles, vapour products like Vuse, and modern oral products like Velo nicotine pouches, categories that generate recurring consumer demand across dozens of markets. British American Tobacco p.l.c. dividend safety faces pressure from the high payout ratio itself, which leaves limited room to absorb earnings declines without affecting the dividend.
British American Tobacco p.l.c. dividend history shows a CAGR of -0.2% per year from 2019 to 2025. Per-share payments moved from $3.2510 in 2019 to $3.2157 in 2025 (2026 is a partial year and excluded from this calculation). The window also contains at least one year-over-year decline exceeding 5%, though 2023 saw the largest single-year increase at 10.4%. Growth is effectively flat over six years. That means BTAFF dividend income has not kept pace with inflation over this period.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +7.1% | $2.62 (2022) | $3.22 (2025) |
| 5-Year | +3.7% | $2.68 (2020) | $3.22 (2025) |
| 10-Year | +2.4% | $2.54 (2015) | $3.22 (2025) |
BTAFF fits income-focused investors who want a high current yield from a global tobacco and nicotine business and can accept a payout ratio that leaves little cushion. The yield of 5.59% is classified as high (above 4%), though it sits below the 5-year average of 7.05%, which means the stock is currently offering less income relative to its own history. Dividend growth over the 2019 to 2025 window came in at -0.2% per year, so real income growth is absent. What an investor gets is a meaningful quarterly income stream. What they accept is a high payout ratio, near-zero dividend growth, and a yield that has compressed relative to its historical norm.
| Payment Date | Amount per Share |
|---|---|
| 2026-12-29 | $0.8099 |
| 2026-10-02 | $0.8099 |
| 2026-10-01 | $0.8130 |
| 2026-07-10 | $0.8221 |
| 2026-03-27 | $0.8142 |
| 2025-12-30 | $0.8092 |
| 2025-10-03 | $0.8096 |
| 2025-06-27 | $0.8239 |
| 2025-03-28 | $0.7730 |
| 2024-12-20 | $0.7362 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.0691 |
| 2025 | $3.2157 |
| 2024 | $3.0162 |
| 2023 | $2.8912 |
| 2022 | $2.6190 |
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