BTAFF British American Tobacco p.l.c. — dividend yield, history & ex-dividend dates
British American Tobacco p.l.c. (BAT) operates as a global purveyor of tobacco and nicotine products. Its extensive product range encompasses both traditional offerings, such as combustible cigarettes and classic oral tobacco forms like snus and moist snuff, and a growing selection of next-generation nicotine products, including vapour devices, tobacco heating systems, and modern oral pouches. The company markets its diverse portfolio under prominent brand names like Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, and Natural American Spirit. Additionally, it features specific brands for its new categories, such as being Vapour, THP, and Modern Oral. These goods are distributed to consumers predominantly via retail outlets. Founded in 1902, British American Tobacco p.l.c. is centrally managed from its headquarters in London, United Kingdom.
Dividend Snapshot
Research Scores
Scores describe this security's published financial data on a 0–100 scale using the formulas on our methodology pages. They are the same for every reader, are not a probability or a forecast, and are not a recommendation. Past dividend growth does not guarantee future increases. Report a data error.
Not Rated
How the Dividend Safety Score is built for BTAFF
| Input | Value | Points | Weight |
|---|---|---|---|
| Earnings payout ratio | Earnings payout ratio 67% (FY2025) | 69 | 20% |
| FCF payout ratio | FCF payout ratio 124% (FY2025) | 8 | 25% |
| Net debt / EBITDA | Net debt / EBITDA 2.2x (FY2025) | 79 | 15% |
| Interest coverage | Interest coverage 6.1x (FY2025) | 73 | 10% |
| Dividend record | 9 years of uninterrupted regular payments | 66 | 20% |
| Earnings stability | Net income positive in 4 of the last 5 fiscal years (FY2021–FY2025) | 70 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
How the Dividend Growth Score is built for BTAFF
| Input | Value | Points | Weight |
|---|---|---|---|
| 5-year dividend growth | 5-year dividend CAGR 3.6% (2020–2025) | 61 | 25% |
| Consecutive annual increases | 3 consecutive annual increases (through 2025) | 45 | 20% |
| Payout headroom | Headroom from the earnings payout ratio 67% (FY2025) | 57 | 20% |
| Earnings per share growth (3 years) | EPS CAGR 6.1% (FY2022–FY2025) | 81 | 15% |
| Revenue growth (3 years) | Revenue CAGR -2.5% (FY2022–FY2025) | 25 | 10% |
| 10-year dividend growth | 10-year dividend CAGR 3.6% (2015–2025) | 61 | 10% |
Inputs that are not available are left out and the remaining weights are scaled up. Profile: ordinary company. Formula version 2026-10-19.4.
Key Metrics
Current Yield
5.41%
At the Oct 30, 2026 price
The annual dividend as a percentage of the share price. A 3% yield is about $3 of dividends a year for every $100 invested at today's price.Annualized Dividend
$3.2396
Declared Jul 31, 2025
The latest declared regular dividend scaled to a full year by how often it's paid (for semi-annual payers, the latest two payments), adjusted for stock splits. A $0.25 quarterly dividend annualizes to $1.00. Special dividends are excluded.Frequency
Q Quarterly
How often the dividend is paid, read from the dates of recent payments: Q = quarterly (4x a year), M = monthly, S = semi-annual, A = annual.RSI (14)
55
As of Oct 30, 2026
Relative Strength Index (0-100), a price-momentum gauge. Above 70 is often called 'overbought', below 30 'oversold'. A technical signal, not a dividend metric.52-Week Range
$50.55 – $69.49
Closes through Oct 23, 2026
The lowest and highest price over the past year, showing where today's price sits in its recent range.Payout Ratio (TTM)
81.70%
12 months to Jun 30, 2026 (Q2 FY2026)
The share of earnings paid out as dividends over the trailing twelve months (TTM): dividends paid divided by net income across the company's four most recent reported quarters, dated by the latest quarter end. A fiscal-year tag such as FY2025 means only annual figures were available. Lower leaves more cushion; above 100% means paying out more than the company earned. It shows n/a for funds and when net income over the period was negative; for REITs and BDCs it is marked EPS-based, since they are judged on FFO/AFFO or net investment income instead.Years Paying
16
How many years of payments we have on record. This can understate very long histories where our data doesn't reach far enough back.Price / Book (TTM)
1.98
Price as of Oct 25, 2026; latest reported book value
Price-to-book ratio: the share price on the date shown divided by the latest reported book value per share. A rough valuation gauge, most useful for asset-heavy sectors like REITs, banks and insurers.S.A.F.E. Dividend Read
Quote & Key Data
Dividend Growth
How often a record like this ends in a cut
BTAFF has raised its annual dividend in 10 separate years since August 2010, which ranks 1096 among the 2,430 payers with a comparable record in our dataset. In 1 year the annual total fell by more than a fifth.
Of the 878 companies we track with 10 to 24 years of increases, 661 — 75 per cent — also have at least one year in which the dividend fell by more than 20 per cent. Across every company with twenty years of comparable history, only 277 of 1078 (26 per cent) have never cut. A long record of increases is common; a record with no cut anywhere in it is not.
Measured from annual totals using split-adjusted amounts, comparing only consecutive years with the same number of payments — a stock split and a payment shifting across a year boundary both look like cuts otherwise. The current year is excluded as incomplete. How we measure a cut, and what the corrections change. Figures are for information only, not a view on any security.
Why the Yield Moved (90 Days)
BTAFF's dividend yield fell from 5.43% to 5.41% over the past ~90 days (-0.02 pp). Of that move, +0.00 pp came from changes in the dividend rate and -0.02 pp from the share price ($59.71 on Aug 03, 2026 → $59.89 on Oct 30, 2026). A yield that rises because the price fell is not an improvement in the payout itself.
Yield vs Its Own History
Across 272 daily observations over the past 13 months (through Oct 23, 2026), BTAFF's current yield is higher than approximately 34% of them. Our stored price history for BTAFF covers the past 13 months; 3- and 5-year averages are not yet computable from it and are deliberately not shown.
Adjusted Price History
Dividend History
Dividend Payment History
Ex-dividend calendar →| Amount | Type | Declared | Ex-Date | Record | Pay |
|---|---|---|---|---|---|
| $0.8099 Q | Regular upcoming, declared | Jul 31, 2025 | Dec 29, 2026 | Dec 29, 2026 | Feb 03, 2027 |
| $0.8105 Q | Regular | Jul 31, 2025 | Oct 02, 2026 | Oct 02, 2026 | Nov 06, 2026 |
| $0.8221 Q | Regular | Jul 31, 2025 | Jul 10, 2026 | Jul 10, 2026 | Aug 14, 2026 |
| $0.8142 Q | Regular | Jul 31, 2025 | Mar 27, 2026 | Mar 27, 2026 | May 07, 2026 |
| $0.8092 I | Regular | Jul 25, 2024 | Dec 30, 2025 | Dec 30, 2025 | Feb 04, 2026 |
| $0.8096 Q | Regular | Jul 25, 2024 | Oct 03, 2025 | Oct 03, 2025 | Nov 07, 2025 |
| $0.8239 Q | Regular | Jul 25, 2024 | Jun 27, 2025 | Jun 27, 2025 | Aug 01, 2025 |
| $0.7773 Q | Regular | Jul 25, 2024 | Mar 28, 2025 | Mar 28, 2025 | May 07, 2025 |
| $0.7384 Q | Regular | Jul 26, 2023 | Dec 20, 2024 | Dec 20, 2024 | Feb 03, 2025 |
| $0.7886 Q | Regular | Jul 26, 2023 | Sep 27, 2024 | Sep 27, 2024 | Nov 01, 2024 |
| $0.7441 Q | Regular | Jul 26, 2023 | Jun 28, 2024 | Jun 28, 2024 | Aug 02, 2024 |
| $0.7459 Q | Regular | Jul 26, 2023 | Mar 21, 2024 | Mar 22, 2024 | May 02, 2024 |
| $0.7305 Q | Regular | Jul 27, 2022 | Dec 21, 2023 | Dec 22, 2023 | Feb 01, 2024 |
| $0.7054 Q | Regular | Jul 27, 2022 | Sep 28, 2023 | Sep 29, 2023 | Nov 03, 2023 |
| $0.7559 Q | Regular | Jul 27, 2022 | Jul 13, 2023 | Jul 14, 2023 | Aug 18, 2023 |
| $0.7112 Q | Regular | Jul 27, 2022 | Mar 23, 2023 | Mar 24, 2023 | May 03, 2023 |
| $0.6549 Q | Regular | Jul 28, 2021 | Dec 22, 2022 | Dec 23, 2022 | Feb 02, 2023 |
| $0.6015 Q | Regular | Jul 28, 2021 | Sep 29, 2022 | Sep 30, 2022 | Nov 10, 2022 |
| $0.6531 Q | Regular | Jul 28, 2021 | Jul 07, 2022 | Jul 08, 2022 | Aug 17, 2022 |
| $0.7179 Q | Regular | Jul 28, 2021 | Mar 24, 2022 | Mar 25, 2022 | May 04, 2022 |
| $0.7228 Q | Regular | Jul 31, 2020 | Dec 23, 2021 | Dec 24, 2021 | Feb 09, 2022 |
| $0.7260 Q | Regular | Jul 31, 2020 | Sep 30, 2021 | Oct 01, 2021 | Nov 11, 2021 |
| $0.7420 Q | Regular | Jul 31, 2020 | Jul 08, 2021 | Jul 09, 2021 | Aug 19, 2021 |
| $0.7396 Q | Regular | Jul 31, 2020 | Mar 25, 2021 | Mar 26, 2021 | May 12, 2021 |
| $0.7150 Q | Regular | Feb 27, 2020 | Dec 17, 2020 | Dec 18, 2020 | Feb 03, 2021 |
| $0.6786 Q | Regular | Feb 27, 2020 | Oct 01, 2020 | Oct 02, 2020 | Nov 12, 2020 |
| $0.6635 Q | Regular | Feb 27, 2020 | Jul 09, 2020 | Jul 10, 2020 | Aug 19, 2020 |
| $0.6384 Q | Regular | Feb 27, 2020 | Mar 26, 2020 | Mar 27, 2020 | May 13, 2020 |
| $0.6597 Q | Regular | Jul 26, 2018 | Dec 24, 2019 | Dec 27, 2019 | Feb 06, 2020 |
| $0.6287 Q | Regular | Jul 26, 2018 | Oct 03, 2019 | Oct 04, 2019 | Nov 14, 2019 |
| $0.6432 Q | Regular | Feb 28, 2019 | Jun 27, 2019 | Jun 28, 2019 | Aug 08, 2019 |
| $0.6635 Q | Regular | Feb 08, 2019 | Mar 21, 2019 | Mar 22, 2019 | May 08, 2019 |
| $0.6166 Q | Regular | N/A | Dec 27, 2018 | Dec 28, 2018 | Feb 07, 2019 |
| $0.6358 Q | Regular | N/A | Oct 04, 2018 | Oct 05, 2018 | Nov 15, 2018 |
| $0.6389 Q | Regular | N/A | Jun 28, 2018 | Jun 29, 2018 | Aug 08, 2018 |
| $0.6878 Q | Regular | N/A | Mar 22, 2018 | Mar 23, 2018 | May 09, 2018 |
| $0.5858 Q | Regular | Apr 26, 2017 | Dec 28, 2017 | Dec 29, 2017 | Feb 08, 2018 |
| $0.7281 S | Regular | Apr 26, 2017 | Aug 17, 2017 | Aug 18, 2017 | Sep 28, 2017 |
| $19.2751 A | Regular | N/A | Mar 16, 2017 | Mar 17, 2017 | May 04, 2017 |
| $1.5156 S | Regular | Dec 10, 2015 | Mar 17, 2016 | Mar 18, 2016 | May 05, 2016 |
| $0.7749 S | Regular | Apr 29, 2015 | Aug 20, 2015 | Aug 21, 2015 | Sep 30, 2015 |
| $1.4815 S | Regular | Dec 04, 2014 | Mar 19, 2015 | Mar 20, 2015 | May 07, 2015 |
| $0.8770 S | Regular | N/A | Aug 20, 2014 | N/A | N/A |
| $1.7980 S | Regular | N/A | Mar 12, 2014 | N/A | N/A |
| $0.5000 S | Regular | N/A | Aug 21, 2013 | N/A | N/A |
| $1.0300 A | Regular | N/A | Mar 13, 2013 | N/A | N/A |
| $0.9822 S | Regular | N/A | Mar 05, 2012 | N/A | N/A |
| $0.4233 S | Regular | N/A | Aug 17, 2011 | N/A | N/A |
| $0.9000 S | Regular | N/A | Mar 09, 2011 | N/A | N/A |
| $0.3320 S | Regular | N/A | Aug 18, 2010 | N/A | N/A |
Peer Comparison
Selected Tobacco dividend payers we cover, strongest DividendRank first — for context, not a recommendation.
| Ticker | Name | Yield | 5-Yr Growth | Streak | Rank |
|---|---|---|---|---|---|
| TPB | Turning Point Brands, Inc. | 0.47% | 8.4% | 7 yrs | 74 |
| MO | Altria Group, Inc. | 5.79% | 4.1% | 16 yrs | 64 |
| IMBBF | Imperial Brands PLC | 5.87% | 1.8% | 3 yrs | 64 |
| GDNGY | PT Gudang Garam Tbk | 5.00% | N/A | N/A | 62 |
Related Guides & Lists
BTAFF dividend — frequently asked questions
Does British American Tobacco p.l.c. pay a dividend?
Yes. British American Tobacco p.l.c. (BTAFF) currently pays a dividend. The annualized dividend is about $3.24 per share, a yield of approximately 5.41%.
What is British American Tobacco p.l.c.'s dividend yield?
British American Tobacco p.l.c.'s dividend yield is approximately 5.41%, based on the most recent regular payment annualized against the current share price. Yields move as the share price changes.
How often does British American Tobacco p.l.c. pay dividends?
British American Tobacco p.l.c. pays dividends quarterly — 4 times per year.
When is British American Tobacco p.l.c.'s next ex-dividend date?
The next declared ex-dividend date for British American Tobacco p.l.c. is December 29, 2026. The associated payment is $0.8099 per share; you must own the shares before the ex-dividend date to receive it.
How long has British American Tobacco p.l.c. paid dividends?
British American Tobacco p.l.c. has 16 years of dividend payments on record, and has increased its dividend for 3 consecutive years.
Data updated Oct 30, 2026. This research page is generated from Dividendly's structured market and dividend dataset using the approach described on our methodology and data sources pages. Data is automatically validated using defined rules and may also be periodically reviewed. Research only, not investment advice. Spotted a data error? Report it.