BTI Dividend Yield 2026: British American Tobacco p.l.c.

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Data last updated: Jul 18, 2026

Snapshot (as of Jul 18, 2026): British American Tobacco p.l.c. (BTI) pays a $2.43 annual dividend ($0.61 quarterly), yielding 5.20% at $62.84/share. Next ex-dividend date 2026-12-29. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 5.20%

Annual Dividend: $2.43 per share

Payout Ratio: 67.7%

Ex-Dividend Date: 2026-12-29

Dividend Frequency: quarterly

Sector: Consumer Defensive

Years of Dividend History: 40

About British American Tobacco p.l.c. Dividend

British American Tobacco p.l.c. dividend stands at $2.4144 per share annually, paid quarterly, with the next ex-dividend date on December 29, 2026. The company sells tobacco and nicotine products across more than a dozen markets worldwide, with brands including Camel Snus, Lucky Strike, Newport, and Vuse. BTI currently yields 5.15%, placing it firmly in high-yield territory. With a beta of 0.125, BTI stock moves very little relative to the broader market, which suits income investors who prioritize low volatility over price appreciation.

Dividend Safety

British American Tobacco p.l.c. pays out 67.7% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level leaves a meaningful buffer above a danger zone, supported by a broad product portfolio spanning combustibles, vapour, heated products, and modern oral products like nicotine pouches, which diversifies revenue across multiple consumption formats. British American Tobacco p.l.c. dividend safety faces pressure from the historical pattern of year-over-year declines in the dividend, which has occurred at least once in the available data window, signaling that the payout is not immune to cuts when earnings come under strain.

British American Tobacco p.l.c. (BTI) Dividend Growth Rate, CAGR, and History

British American Tobacco p.l.c. dividend history shows a CAGR of 3.2% per year from 2011 to 2025. Per-share payments moved from $1.9260 to $2.9960 over that period (2026 data is partial and excluded from the growth calculation). The largest annual increase in the window was 31.3% in 2017, but the history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear. With only 2 consecutive years of dividend increases, the recent streak is short.

British American Tobacco p.l.c. Dividend Growth Rate (CAGR)

Period	CAGR	From	To
3-Year	+0.4%	$2.96 (2022)	$3.00 (2025)
5-Year	+2.0%	$2.71 (2020)	$3.00 (2025)
10-Year	+2.6%	$2.33 (2015)	$3.00 (2025)

Is British American Tobacco p.l.c. a Good Dividend Stock?

BTI fits income-focused investors who want a high-yield payout from a company with a broad, multi-format nicotine product portfolio. The current yield of 5.15% is classified as high (above 4%) and sits well above the 5-year average yield of 4.4%, meaning buyers today are locking in a historically elevated income rate. The trade-off is real: growth is slow at 3.2% per year, the payout ratio is elevated, and the dividend has been cut at least once in the available history window. What an investor gets is a large current income stream. What they accept is limited dividend growth and a payout that has not been immune to pressure.

Recent British American Tobacco p.l.c. Dividend Payments

Payment Date	Amount per Share
2026-12-29	$0.8348
2026-10-02	$0.8348
2026-07-10	$0.8348
2026-03-27	$0.8350
2025-12-30	$0.7490
2025-10-03	$0.7490
2025-06-27	$0.7490
2025-03-28	$0.7490
2024-12-20	$0.7430
2024-09-27	$0.7430

British American Tobacco p.l.c. Annual Dividend History

Year	Total Dividends
2026	$3.3394
2025	$2.9960
2024	$2.9720
2023	$2.8040
2022	$2.9600

Related Consumer Defensive Dividend Stocks

• WMT — Walmart Inc. (0.84% yield)
• COST — Costco Wholesale Corporation (0.57% yield)
• KO — The Coca-Cola Company (2.55% yield)
• PG — The Procter & Gamble Company (2.84% yield)
• PM — Philip Morris International Inc. (3.23% yield)
• PEP — PepsiCo, Inc. (4.19% yield)

Frequently Asked Questions

How often does British American Tobacco p.l.c. pay dividends?

British American Tobacco p.l.c. pays dividends quarterly. The last dividend amount was $0.8348 per share, with the next ex-dividend date set for December 29, 2026.

What is British American Tobacco p.l.c.'s current dividend yield?

The current BTI dividend yield is 5.15%, which is above the 5-year average yield of 4.4%. That gap means today's buyers are receiving more income than the stock has historically offered.

Has British American Tobacco p.l.c. ever cut its dividend?

Yes, the available dividend history contains at least one year-over-year decline exceeding 5%. For example, the annual payment dropped from $2.4520 in 2014 to $2.3250 in 2015, and again from $2.8010 in 2017 to $2.7160 in 2018.

How fast has British American Tobacco p.l.c. grown its dividend?

The compound annual growth rate (CAGR) for the BTI dividend is 3.2% per year from 2011 to 2025. Per-share payments grew from $1.9260 to $2.9960 over that 14-year window.

Is British American Tobacco p.l.c. a good dividend stock for income investors?

BTI offers a 5.15% yield, classified as high (above 4%), with a 67.7% payout ratio that is elevated but not extreme. Income investors looking for a large current payout will find the yield attractive, though the slow 3.2% growth rate and history of cuts are trade-offs to weigh.

Is British American Tobacco p.l.c. dividend safe?

The 67.7% payout ratio is elevated, leaving a buffer but not a wide one. British American Tobacco p.l.c. dividend safety is also complicated by the fact that the payout has declined in multiple years within the available history, so the dividend is not unconditionally protected.

How does British American Tobacco p.l.c. compare to its own historical yield?

The current yield of 5.15% is above the 5-year average of 4.4%. That 0.75 percentage point gap means the stock is currently priced to deliver more income than it has on average over the past five years.

Latest BTI News

• British American Tobacco stock holds steady as investors weigh dividend income and regulatory headwi - ad-hoc-news.de — ad-hoc-news.de
• British American Tobacco Is Cutting 5,500 Jobs. How to Play the High-Yield Dividend Stock Here. - Yahoo Finance — Yahoo Finance
• British American Tobacco plc (BTI): A High Dividend Stock Projecting Robust Growth - Yahoo Finance — Yahoo Finance

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