Half Year Results 

BATS sticks to dividend ratio pledge

BATS sticks to dividend ratio pledge

British American Tobacco (BATS) has maintained its outlook for 2020, including its commitment to a 65 per cent dividend payout ratio. For the first half, consumption trends in developed markets – which constitute three-quarters of group revenues – were “robust”, in a sign that the virus-induced financial crisis has not yet prompted customers to trade down to cheaper products. Cigarette volume share rose by 0.5 percentage points overall.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now