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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Imperial Brands PLC (IMBBY) pays a $1.64 annual dividend ($0.41 quarterly), yielding 5.63% at $38.52/share. Next ex-dividend date 2026-08-21. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.63%
Annual Dividend: $1.64 per share
Payout Ratio: 76.3%
Ex-Dividend Date: 2026-08-21
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 30
Imperial Brands PLC dividend income comes from one of the world's oldest tobacco companies, founded in 1636 and selling cigarettes, vapour products, and oral nicotine under brands like Davidoff, JPS, and Golden Virginia across Europe, the Americas, Africa, and Asia. IMBBY currently yields 6.08%, paid quarterly, with a trailing annual dividend rate of $1.6350 per share and the next ex-dividend date set for August 21, 2026. With a beta of just 0.147, IMBBY stock moves far less than the broader market, which suits income-focused investors who prioritize low volatility over price appreciation.
Imperial Brands PLC pays out 76.3% of earnings as dividends, a payout ratio classified as high (above 75%). That level leaves a narrower cushion than lower-payout peers, though demand for tobacco and nicotine products tends to be recurring by nature, which supports the current payout. Imperial Brands PLC dividend safety faces its most visible pressure from the long-run decline in the per-share dividend since 2008, a trend that shows the payout has been cut before when conditions required it.
Imperial Brands PLC dividend history shows a CAGR of -5.7% per year from 2008 to 2025. Per-share payments moved from $6.1990 at the start of the window to $2.3026 by 2025 (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 46.1% in 2015, but the overall direction has been negative, and the data also contains at least one year-over-year decline exceeding 5%.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +9.4% | $1.76 (2022) | $2.30 (2025) |
| 5-Year | +1.9% | $2.09 (2020) | $2.30 (2025) |
| 10-Year | -2.1% | $2.85 (2015) | $2.30 (2025) |
IMBBY is a high-yield income stock built around recurring demand for tobacco and nicotine products, suited to income-focused investors who can accept an elevated payout ratio in exchange for yield. At 6.08%, the yield is classified as high (above 4%), though it sits below the 5-year average of 6.73%, meaning current buyers are getting slightly less income than the historical norm. The three-year streak of consecutive increases is a positive recent signal, but the long-run CAGR of -5.7% since 2008 makes clear that dividend growth has not been the story here. The trade-off is straightforward: a large current income stream, offset by a payout ratio that leaves limited room for error and a history of cuts.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-21 | $0.5673 |
| 2026-05-22 | $0.5511 |
| 2026-02-20 | $0.5288 |
| 2025-11-28 | $0.5375 |
| 2025-08-22 | $0.5384 |
| 2025-05-23 | $0.5488 |
| 2025-02-21 | $0.6779 |
| 2024-11-29 | $0.7070 |
| 2024-08-23 | $0.2830 |
| 2024-05-24 | $0.2834 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.6472 |
| 2025 | $2.3026 |
| 2024 | $1.9354 |
| 2023 | $1.7772 |
| 2022 | $1.7565 |
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