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Data last updated: Oct 17, 2026
Snapshot (as of Oct 17, 2026): British American Tobacco p.l.c. (BTI) pays a $2.45 annual dividend ($0.61 quarterly), yielding 5.76% at $60.00/share. Next ex-dividend date 2026-12-29. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.76%
Annual Dividend: $2.45 per share
Payout Ratio: 84.0%
Ex-Dividend Date: 2026-12-29
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 42
British American Tobacco p.l.c. dividend stands at $2.4264 per share annually, backed by a global portfolio spanning cigarettes, vapour products, and nicotine pouches sold under brands like Vuse, Camel Snus, and Lucky Strike. The current yield is 5.77%, paid quarterly, with the next ex-dividend date on December 29, 2026. The last quarterly payment was $0.8348 per share. BTI stock carries a beta of 0.128, making it one of the lower-volatility equities available, which suits income-focused investors who prioritize predictable payouts over price swings.
British American Tobacco p.l.c. pays out 81.7% of earnings as dividends, a payout ratio classified as high (above 75%). That level is sustained by demand across a broad product range, from combustibles like Newport and Pall Mall to newer categories including vapour and modern oral products, which the company sells across markets in the Americas, Europe, Asia-Pacific, and Africa. British American Tobacco p.l.c. dividend safety faces pressure from that elevated payout ratio, which leaves limited room to absorb earnings declines without affecting the dividend.
British American Tobacco p.l.c. dividend history shows a CAGR of 3.6% per year from 2011 to 2025. The per-share dividend grew from $1.9259 to $3.1721 over that period (2026 data is a partial year and excluded from the CAGR calculation). The window includes a year-over-year decline exceeding 5%, so growth has not been linear, and the largest single-year jump was 32.5% in 2017. Growth is slow by most standards, and income investors relying on BTI for rising payouts should weigh that 3.6% annual pace against their inflation expectations.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.3% | $2.64 (2022) | $3.17 (2025) |
| 5-Year | +3.0% | $2.74 (2020) | $3.17 (2025) |
| 10-Year | +3.4% | $2.28 (2015) | $3.17 (2025) |
British American Tobacco p.l.c. fits income-focused investors who want a high current yield and can accept a limited growth rate. The yield of 5.77% is classified as high (above 4%) and sits above the 5-year average of 5.25%, which means buyers today are getting more income than the historical norm. The trade-off is a payout ratio of 81.7%, which constrains how much room exists for dividend increases, and a dividend CAGR of just 3.6% over 14 years. BTI stock offers meaningful current income from a globally distributed business, but dividend growth is slow and the payout leaves little buffer.
| Payment Date | Amount per Share |
|---|---|
| 2026-12-29 | $0.8348 |
| 2026-10-02 | $0.8350 |
| 2026-07-10 | $0.8300 |
| 2026-03-27 | $0.8340 |
| 2025-12-30 | $0.8234 |
| 2025-10-03 | $0.7491 |
| 2025-06-27 | $0.7974 |
| 2025-03-28 | $0.8022 |
| 2024-12-20 | $0.7304 |
| 2024-09-27 | $0.7627 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.3338 |
| 2025 | $3.1721 |
| 2024 | $2.9818 |
| 2023 | $2.9040 |
| 2022 | $2.6406 |
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