Imperial Brands Faces Pressure to Further Cut Dividends
According to financial news outlet Fool, despite Imperial Brands, the UK tobacco giant, cutting dividends three years ago, its dividend yield is still at 8%. However, there is widespread concern in the market that the company may face additional pressure to further reduce dividends.
In recent years, the market environment for Empire Tobacco has been challenging, with the company constantly facing the challenge of declining public tobacco usage rates.
Despite efforts to improve its financial situation, including cutting dividends, selling its high-end cigar business, and reducing dividend growth rate, the company's net debt level continues to grow, reaching £10.3 billion, approximately 65% of its current market value.
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