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British American Tobacco p.l.c. (BTI)

Consumer Defensive | Tobacco | London, United Kingdom | NYSE
57.06 USD +0.38 (0.670%) ⇧ (April 20, 2026, 4 p.m. EDT)

Short-term: ★★★☆☆ | Long-term: ★★★★☆ | Dividends: ★★★★★
Hot Take | April 18, 2026, 11:39 p.m. EDT

BTI is a defensive anchor with elite dividend metrics, but the options market is screaming 'correction' before the intermediate-term recovery. The heavy put volume on the 2026 ETF suggests volatility compression is likely coming ahead of a strategic 10-15% bounce from levels near 52. Long-term holders should view the current dip as a prime accumulation opportunity supported by a buy rating and stable EPS, but short-term traders should watch for the 52.5 support level dictated by the O.I. walls.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.021379
AutoETS0.021383
AutoARIMA0.023989
AutoTheta0.028042

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 55%
H-stat 2.72
Ljung-Box p 0.000
Jarque-Bera p 0.570
Excess Kurtosis -0.70
Attribute Value
Sector Consumer Defensive
Ex Dividend Date 2026-07-09
Last Dividend Date 2026-03-26
Debt to Equity Ratio 72.842
Revenue per Share 2.342
Market Cap 123,523,735,552
Trailing P/E 12.09
Forward P/E 10.78
Beta 0.12
Profit Margins 30.32%
Website https://www.bat.com

As of April 18, 2026, 11:39 p.m. EDT: Speculative positioning is heavily skewed towards downside protection in the short-to-intermediate term. On the 2026-05 and 2026-06 expirations, puts dominate both volume and Open Interest (O.I.) relative to calls, with massive O.I. pile-ups at strikes 50 and 55. This suggests a market consensus expecting a potential downside channel around 52-55, likely testing support near the 52-week low. Conversely, the 2026-12 (ETF expiration) shows a bimodal flow: one arm of long calls at deep OTM 18-40 (high IV 100%+) suggests hedging for extreme drawdown, while another arm of weak shorts at ATM strikes suggests leverage. The Ljung-Box p-value (1.2e-7) indicates strong serial correlation, reinforcing the 'mean-reversion' narrative embedded in the heavy put setups.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.44% 5.95% 8.68% 9.40%
Dividend History
Date Dividend Yield %
2026-03-27 0.83500 1.444637
2025-12-30 0.74900 1.343751
2025-10-03 0.74900 1.502743
2025-06-27 0.74900 1.663506
2025-03-28 0.74900 1.958879
2024-12-20 0.74300 2.212374
2024-09-27 0.74300 2.221101
2024-06-28 0.74300 2.698516
2024-03-21 0.74300 2.834900
2023-12-21 0.70100 2.841205
2023-09-28 0.70100 2.697070
2023-07-13 0.70100 2.614463
2023-03-23 0.70100 2.554203
2022-12-22 0.74000 2.361254
2022-09-29 0.74000 2.692585
2022-07-07 0.74000 2.438336
2022-03-24 0.74000 2.331975
2021-12-22 0.74600 2.787405
2021-09-30 0.74600 2.987372
2021-07-08 0.74600 2.824336
2021-03-25 0.74600 2.832383
2020-12-17 0.67700 2.659672
2020-10-01 0.67700 2.926256
2020-07-09 0.67700 2.838834
2020-03-26 0.67700 3.163299
2019-12-26 0.67400 2.578520
2019-10-03 0.67400 3.190704
2019-06-27 0.67400 3.228868
2019-03-21 0.67400 2.776393
2018-12-27 0.67900 3.749414
2018-10-04 0.67900 2.663151
2018-06-28 0.67900 2.405832
2018-03-22 0.67900 2.290133
2017-12-28 0.58600 1.626301
2017-08-16 0.73800 2.195579
2017-03-15 1.47700 4.453743
2016-08-17 0.67450 2.029323
2016-03-16 1.45950 4.975449
2015-08-19 0.77200 2.723237
2015-03-18 1.55300 5.719888
2014-08-20 0.80200 2.864522
2014-03-12 1.65000 6.525041
2013-08-21 0.72800 3.050085
2013-03-13 1.44000 6.083138
2012-08-15 0.68100 2.914930
2012-03-07 1.43000 6.667790
2011-08-17 0.59600 3.099337
2011-03-09 1.33000 7.978811
2010-08-18 0.52450 3.724110
2010-03-10 1.09200 8.157073
2009-08-19 0.46050 3.855058
2009-03-11 0.92750 10.492685
2008-08-06 0.39450 2.858637
2008-03-05 0.92950 6.959898
2007-08-01 0.37750 3.314322
2007-03-07 0.79850 7.726759
2006-08-02 0.29400 3.153609
2006-03-08 0.60550 7.248480
2005-08-03 0.25500 3.831936
2005-03-09 0.55250 9.487491
2004-08-04 0.22550 4.707575
2004-03-03 0.48150 10.422884
2003-08-06 0.19100 6.083140
2003-03-05 0.42500 15.002628
2002-08-07 0.18350 5.831395
2002-03-06 0.35200 14.490881
2001-08-08 0.15750 7.489309
2001-03-07 0.31700 14.479772
2000-08-09 0.14850 8.910355
2000-03-15 0.30950 26.503904
1999-08-11 0.07850 4.072518
1999-04-01 0.42150 22.152960
1998-11-04 0.13250 7.363282
1998-03-25 0.26550 11.910099
1997-08-13 0.20350 11.771277
1997-03-19 0.33150 19.944467
1996-08-16 0.21150 14.875560
1996-03-22 0.28600 19.297196
1995-08-11 0.17900 12.286170
1995-03-31 0.26650 20.986916
1994-08-19 0.16550 14.821940
1994-04-15 0.23350 21.238355
1993-08-06 0.07450 6.691458
1993-04-02 0.11000 9.944048
1992-08-14 0.08225 7.540767
1992-03-27 0.06775 7.469158
1991-09-20 0.07150 8.475794
1991-06-07 0.05825 6.510380
1991-04-05 0.05775 5.947069
1990-09-14 0.06925 9.264300
1990-06-07 0.28725 35.210473
1990-04-11 0.16100 19.183597
1990-03-30 0.05875 6.694609
1989-12-01 0.05825 6.698470
1989-09-22 0.03850 4.403110
1989-04-07 0.05225 8.171243
1988-09-23 0.03650 7.609368
1988-04-15 0.05000 9.616943
1986-09-19 0.02075 5.033137
1986-04-04 0.03025 8.558402
Additional Data
dividendRate 3.34
dividendYield 5.85
exDividendDate 2026-07-10
trailingAnnualDividendRate 2.45
trailingAnnualDividendYield 0.043225124
lastDividendValue 0.835
lastDividendDate 2026-03-27
dividendDate 2027-02-08

Info Dump

Attribute Value
52 Week Change 0.33317757
Address1 Globe House
Address2 4 Temple Place
All Time High 73.41
All Time Low 0.640625
Ask 0.0
Ask Size 600
Average Analyst Rating 2.0 - Buy
Average Daily Volume10 Day 3,879,090
Average Daily Volume3 Month 5,106,268
Average Volume 5,106,268
Average Volume10Days 3,879,090
Beta 0.124
Bid 0.0
Bid Size 1,700
Book Value 5.7286134
City London
Compensation As Of Epoch Date 1,767,139,200
Country United Kingdom
Crypto Tradeable 0
Currency USD
Current Price 57.06
Current Ratio 0.873
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 57.28
Day Low 56.9
Debt To Equity 72.842
Dividend Date 1,802,044,800
Dividend Rate 3.34
Dividend Yield 5.85
Earnings Call Timestamp End 1,770,888,600
Earnings Call Timestamp Start 1,770,888,600
Earnings Timestamp 1,770,930,000
Earnings Timestamp End 1,770,930,000
Earnings Timestamp Start 1,770,930,000
Ebitda 11,758,000,128
Ebitda Margins 0.45911998
Enterprise To Ebitda 13.221
Enterprise To Revenue 6.07
Enterprise Value 155,456,438,272
Eps Current Year 4.8894
Eps Forward 5.29252
Eps Trailing Twelve Months 4.72
Esg Populated 0
Ex Dividend Date 1,783,641,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 44 20 7845 2118
Fifty Day Average 59.423
Fifty Day Average Change -2.362999
Fifty Day Average Change Percent -0.03976573
Fifty Two Week Change Percent 33.317757
Fifty Two Week High 63.22
Fifty Two Week High Change -6.16
Fifty Two Week High Change Percent -0.097437516
Fifty Two Week Low 40.12
Fifty Two Week Low Change 16.940002
Fifty Two Week Low Change Percent 0.42223337
Fifty Two Week Range 40.12 - 63.22
Financial Currency GBP
First Trade Date Milliseconds 324,570,600,000
Five Year Avg Dividend Yield 7.54
Float Shares 1,980,363,654
Forward Eps 5.29252
Forward P E 10.781254
Free Cashflow 2,993,750,016
Full Exchange Name NYSE
Full Time Employees 47,797
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.82651
Gross Profits 21,166,999,552
Has Pre Post Market Data 1
Held Percent Insiders 0.00098
Held Percent Institutions 0.13994999
Implied Shares Outstanding 2,164,804,331
Industry Tobacco
Industry Disp Tobacco
Industry Key tobacco
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,774,569,600
Last Dividend Value 0.835
Last Fiscal Year End 1,767,139,200
Last Split Date 1,487,030,400
Last Split Factor 2:1
Long Business Summary British American Tobacco p.l.c. provides tobacco and nicotine products to consumers in the United States, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa. The company offers vapour products; heated products, which consists of a battery-powered device and a plant-based substance consumable that is heated; modern oral products, such as nicotine pouches; combustibles, including cigarette sticks and other tobacco stick products; traditional oral products, such as snus and moist snuff; and fine cut/roll-your-own tobacco products. It sells its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Natural American Spirit, and Camel Snus brands, as well as Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, and State Express 555 brands. The company distributes its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.
Long Name British American Tobacco p.l.c.
Market us_market
Market Cap 123,523,735,552
Market State PRE
Max Age 86,400
Message Board Id finmb_326614
Most Recent Quarter 1,767,139,200
Net Income To Common 7,677,000,192
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 123,281,160,180
Number Of Analyst Opinions 5
Open 57.05
Operating Cashflow 6,342,000,128
Operating Margins 0.34576
Payout Ratio 0.6873
Peg Ratio 1.44
Phone 44 20 7845 1000
Pre Market Change -0.16999817
Pre Market Change Percent -0.2978766
Pre Market Price 56.9
Pre Market Time 1,776,758,857
Previous Close 56.68
Price Eps Current Year 11.670144
Price Hint 2
Price To Book 9.9605255
Price To Sales Trailing12 Months 4.8232617
Profit Margins 0.30316
Quick Ratio 0.559
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.0
Region US
Regular Market Change 0.380001
Regular Market Change Percent 0.670432
Regular Market Day High 57.28
Regular Market Day Low 56.9
Regular Market Day Range 56.9 - 57.28
Regular Market Open 57.05
Regular Market Previous Close 56.68
Regular Market Price 57.06
Regular Market Time 1,776,715,202
Regular Market Volume 2,775,322
Return On Assets 0.053439997
Return On Equity 0.15824
Revenue Growth 0.001
Revenue Per Share 2.342
Sand P52 Week Change 0.34445214
Sector Consumer Defensive
Sector Disp Consumer Defensive
Sector Key consumer-defensive
Shares Outstanding 2,164,804,331
Shares Percent Shares Out 0.006
Shares Short 13,003,562
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 5,430,502
Short Name British American Tobacco Indus
Short Percent Of Float 0.0074
Short Ratio 2.49
Source Interval 15
Symbol BTI
Target High Price 72.0
Target Low Price 40.5
Target Mean Price 60.9
Target Median Price 65.0
Total Cash 3,843,000,064
Total Cash Per Share 1.768
Total Debt 35,070,001,152
Total Revenue 25,610,000,384
Tradeable 0
Trailing Annual Dividend Rate 2.45
Trailing Annual Dividend Yield 0.043225124
Trailing Eps 4.72
Trailing P E 12.088984
Trailing Peg Ratio 1.4514
Triggerable 1
Two Hundred Day Average 56.18015
Two Hundred Day Average Change 0.8798523
Two Hundred Day Average Change Percent 0.015661268
Type Disp Equity
Volume 2,775,322
Website https://www.bat.com
Zip WC2R 2PG