SmarterDividends
BTAFF

British American Tobacco p.l.c.

BTAFF

Consumer Defensive · Tobacco · Stock · quarterly payer

$60.45

Undervalued · +43% Add to Portfolio

Forward Yield

5.42%

Annual Dividend

$3.28

Payout Ratio

83%

5-Yr Growth

3.7%

Ex-Date

Dec 24, 2026

Frequency

Quarterly

Key facts about BTAFF's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, British American Tobacco p.l.c. (BTAFF) has a forward dividend yield of 5.42%, based on an annual dividend of $3.28 per share and a share price of $60.45.
  • As of Oct 27, 2026, BTAFF's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, British American Tobacco p.l.c. (BTAFF) has raised its dividend for 3 consecutive years as of Oct 27, 2026.
  • BTAFF last cut its regular dividend in 2022.
  • BTAFF's next ex-dividend date is Dec 24, 2026, with payment on Jan 7, 2027. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, BTAFF pays out 83% of its trailing 12-month earnings as dividends (its payout ratio).
  • BTAFF's dividend has grown at an average rate of 3.7% a year over the past five years.
  • As of Oct 27, 2026, BTAFF's 5.42% yield is 30% below its five-year average yield of 7.73%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for BTAFF is $86.47 per share, 43% above the $60.45 share price, so BTAFF screens as undervalued.
  • British American Tobacco p.l.c. (BTAFF) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "BTAFF Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/BTAFF

Summary

As of Oct 27, 2026, British American Tobacco p.l.c. (BTAFF) yields 5.42% ($3.28 a year per share), has a dividend safety grade of C (58/100) and has 3 consecutive years of dividend increases on record.

Is BTAFF a good dividend stock?

Yes, with caveats

British American Tobacco p.l.c. (BTAFF) pays a quarterly dividend yielding 5.42% ($3.28/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • 77% total price return over 5 years

Risks

  • Cut its dividend in 2022

Key Data

Dividend Yield
5.42%
Payout Ratio
83%
Annual Dividend
$3.28
5-Yr Avg Growth
3.7%
Ex-Dividend Date
Dec 24, 2026
Years of Growth
3
Frequency
quarterly
Beta
0.10
Market Cap
$130.0B
P/E Ratio
15.5
5-Yr Total Return
77%
52-Week Range
$50.55 – $69.57
Dividend Safety
C · 58/100
Ever Cut?
Yes (2022)

BTAFF dividend changes

British American Tobacco p.l.c. (BTAFF) pays a variable dividend: across the 38 payments on record since 2014, 20 were higher than the one before and 12 lower. The latest change was up 0.1% to $0.820 per share, going ex-dividend on Jul 9, 2026.

Ex-dateChangeOld → newMove
Jul 9, 2026Higher$0.819 → $0.820+0.1%
Mar 26, 2026Higher$0.811 → $0.819+1.0%
Dec 29, 2025Higher$0.810 → $0.811+0.1%
Oct 2, 2025Lower$0.820 → $0.810−1.2%
Jun 26, 2025Higher$0.773 → $0.820+6.1%
Mar 27, 2025Higher$0.740 → $0.773+4.5%
Dec 19, 2024Lower$0.784 → $0.740−5.6%
Sep 26, 2024Higher$0.743 → $0.784+5.5%
Jun 27, 2024Lower$0.753 → $0.743−1.3%
Mar 21, 2024Higher$0.730 → $0.753+3.2%
Dec 21, 2023Higher$0.701 → $0.730+4.1%
Sep 28, 2023Lower$0.750 → $0.701−6.5%
Every BTAFF payment →Download every raise and cut (CSV)
BTAFF ex-dividend date & scheduleNext ex-date Dec 24, 2026 · full ex-dividend historyView →BTAFF dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BTAFF a good dividend stock?

Yes, with caveats. British American Tobacco p.l.c. (BTAFF) pays a quarterly dividend yielding 5.42% ($3.28/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is BTAFF undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BTAFF's fair value is about $86.47 versus a $60.45 share price — so it looks undervalued (+43% vs. fair value).

Is BTAFF's dividend safe?

BTAFF has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

What is BTAFF's fair value?

Our blended fair-value estimate for BTAFF is about $86.47 per share, roughly 43% above the current $60.45 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BTAFF a buy, hold, or sell?

We don't issue formal ratings, but on the data BTAFF screens as "yes, with caveats" and undervalued. British American Tobacco p.l.c. (BTAFF) pays a quarterly dividend yielding 5.42% ($3.28/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will BTAFF cut its dividend?

BTAFF earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BTAFF pay a dividend?

Yes. British American Tobacco p.l.c. pays a quarterly dividend of about $3.28 per share annually, a forward yield of roughly 5.42%.

What is BTAFF's dividend yield?

As of Oct 27, 2026, BTAFF's forward dividend yield is 5.42%, based on a $3.28 annual dividend and a $60.45 share price.

What is BTAFF's dividend per share?

As of Oct 27, 2026, BTAFF pays $3.28 per share per year, distributed on a quarterly basis.

What is BTAFF's dividend payout ratio?

As of Oct 27, 2026, BTAFF's payout ratio is 83% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has BTAFF grown its dividend?

As of Oct 27, 2026, BTAFF has increased its dividend for 3 consecutive years.

When is the next BTAFF ex-dividend date?

As of Oct 27, 2026, the next ex-dividend date on record for BTAFF is Dec 24, 2026.

Income Calculator

At $3.28 / yr per share

Per payment (quarterly)$82.00
Annual$328.00
Monthly avg$27.33

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