28 July 2010 - BAT trading and dividend update

On July 28th, 2010, British American Tobacco issued its half year results to 30 June with the interim dividend up 19.0 per cent to 33.2pence.

RNS Number : 0342Q
British American Tobacco PLC
28 July 2010

. . . . .

The Board has declared an interim dividend of 33.2p, a 19 per cent increase on last year, to be paid on 29 September 2010

The Chairman, Richard Burrows, commented "These results show that British American Tobacco's business is in very good shape, with continued pricing momentum, increasing market share in key markets and improving organic volume trends.

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."

As a result of the strong growth in profit from operations and favourable exchange movements, adjusted diluted earnings per share increased by 13 per cent to 87.1p.

The Board has declared an Interim Dividend of 33.2p, up 19 per cent. As usual, the Interim Dividend represents one third of last year's total dividend.

. . . . .

The above mentioned announcement is an abridged version of the full announcement which can be found HERE

Return to British American Tobacco for more recent information on their dividend policy.

Return to Dividend Risers for information on other companies with an amended dividend policy.