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Wednesday, July 28, 2010
BAT reports bumper interims, hikes dividend
Dunhill cigarette maker British American Tobacco (LON:BATS, AMEX:BTI) delivered a forecast-busting set of interim results and passed on the gains in the form of a bumper dividend payment.
Opeationg profits from the world’s second largest fag maker rose 14 per cent to £2.46 billion in the six months to June 30.
At the same time the payout is being hiked 19 per cent to 33.2p a share.
"While the comparisons with 2009 will become tougher in the second half, shareholders should see another year of good growth in both earnings and dividends," said chairman Richard Burrows.
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