Trailing Dividend / Share
$2.34
British American Tobacco p.l.c. (BTI) Dividend History
Income profile from 1984 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
5.3%
Payout Ratio
1.7%
Sustainable
Dividend Streak
3 years
BTI Dividend Income Check
Safety
1.7% payout ratio with sustainable safety profile.
Consistency
3 straight years of dividend increases.
Income Trend
Yield on cost is 8.4% and trend is rising.
BTI Dividend Scorecard
Yield & Income
Dividend Yield5.3%
Trailing DPS$2.34
FrequencyQuarterly
Payments / 12M7
Payout Safety
Earnings Payout1.7%
Earnings SafetySustainable
FCF Payout27.2%
FCF SafetyWell Covered
Piotroski F-Score7/9
Growth
Growth Streak3 years
3Y CAGR6.3%
5Y CAGR3.0%
Yield on Cost (5Y)8.4%
YOC Trendrising
Total Returns
Buyback Yield0.8%
Total Shareholder Yield6.1%
1Y Total Return25.9%
5Y Total Return89.3%
Div Contribution (5Y)37.8%
Estimated $10K growth (return + dividends):
5Y ago$18,93310Y ago$13,93720Y ago$41,897
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). BTI's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
BTI Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
BTI Dividend Safety Story
EPS is the container — dividend is what's drawn out
Get BTI's next ex-dividend date and payout in your inbox
Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
British American Tobacco p.l.c. distributes 1.7% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 27.2%, rated "Well Covered".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
BTI has raised its dividend for 3 consecutive years, with a 3-year CAGR of 6.3% and 5-year CAGR of 3.0%.
Total Shareholder Returns
Beyond cash dividends, BTI returns capital through share repurchases. The combined picture: 5.3% dividend yield, 0.8% buyback yield, 6.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 8.4% and is currently rising. The 5-year total return is 89.3%, with dividends contributing 37.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $13,937 today.
BTI Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$15.04
Avg/Payment$0.7519
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Dec 29, 2026Latest | $0.8348 | — | 5.70% | Feb 8, 2027 |
| Oct 2, 2026 | $0.8348 | — | 5.68% | Nov 12, 2026 |
| Jul 10, 2026 | $0.8348 | ↑ +0.1% | 5.53% | Aug 19, 2026 |
| Mar 27, 2026 | $0.8340 | ↑ +1.3% | 5.54% | May 12, 2026 |
| Dec 30, 2025 | $0.8234 | ↑ +9.9% | 5.61% | Feb 9, 2026 |
| Oct 3, 2025 | $0.7491 | ↓ -6.1% | 6.01% | Nov 13, 2025 |
| Jun 27, 2025 | $0.7974 | ↓ -0.6% | 6.59% | Aug 6, 2025 |
| Mar 28, 2025 | $0.8022 | ↑ +9.8% | 7.53% | May 12, 2025 |
BTI Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
5.3%
#4 of 6
Safety
Sustainable
1.7% payout
Streak
3Y
3.0% 5Y CAGR
Total Shareholder
6.1%
#4 of 6
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| BTIBritish American Tob… | $127.8B | 5.3% | 1.7% | 3 | Sustainable |
3rd  MOAltria Group, Inc. | $115.6B | 6.0% | 1.0% | 16 | Sustainable |
 PMPhilip Morris Intern… | $278.0B | 3.1% | 76.0% | 18 | Watch |
 TPBTurning Point Brands… | $1.6B | 0.4% | 9.5% | 9 | Sustainable |
2nd  UVVUniversal Corporatio… | $1.3B | 6.2% | 2.5% | 34 | Sustainable |
1st  IIPRInnovative Industria… | $1.7B | 12.8% | 1.9% | 9 | Sustainable |
BTI Annual Dividend History (1984–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.34 | — | 4 | — | — | — | 8.9% |
| 2025 | $3.17 | 6.4% | 4 | — | — | — | 8.4% |
| 2024 | $2.98 | 2.7% | 4 | $1.36 | 219.2% | 0.46x | 7.9% |
| 2023 | $2.90 | 10.0% | 4 | $-6.47 | — | — | 7.7% |
| 2022 | $2.64 | -10.3% | 4 | $2.92 | 90.4% | 1.11x | 7.0% |
| 2021 | $2.94 | 7.5% | 4 | $2.96 | 99.5% | 1.01x | 7.8% |
| 2020 | $2.74 | 3.6% | 4 | $2.79 | 98.2% | 1.02x | 7.3% |
| 2019 | $2.64 | 3.9% | 4 | $2.49 | 106.2% | 0.94x | 7.0% |
| 2018 | $2.54 | -12.0% | 4 | $2.66 | 95.6% | 1.05x | 6.7% |
| 2017 | $2.89 | 32.5% | 3 | $18.28 | 15.8% | 6.33x | 7.7% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into BTI consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
42+ years return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
BTI — Frequently Asked Questions
Quick answers to the most common questions about buying BTI stock.
How much dividend does BTI pay per share?
British American Tobacco p.l.c. (BTI) pays a trailing 12-month dividend of $2.34 per share, with a current dividend yield of +5.3%. Payments are made Quarterly.
When is BTI's next ex-dividend date?
BTI's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. BTI typically pays dividends Quarterly.
Is BTI's dividend safe?
BTI's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.7% and FCF payout ratio of +27.2%. The 3-year growth streak provides moderate confidence.
Is BTI a Dividend Payer?
Yes, British American Tobacco p.l.c. is classified as a Dividend Payer with 3 consecutive years of dividend increases. The 5-year dividend CAGR is +3.0%, demonstrating modest dividend growth.
How often does BTI pay dividends?
British American Tobacco p.l.c. pays dividends Quarterly. The trailing 12-month total is $2.34 per share. Dividend data on this page covers 42+ years from 1984 to 2026.
How much would $10,000 invested in BTI grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in BTI five years ago would be worth approximately $18,933 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is BTI's yield on cost for long-term holders?
BTI's yield on cost — the current dividend divided by the original purchase price — is +8.4% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +5.3% market yield, thanks to consistent dividend growth.