British American Tobacco (BATS) revealed their interim results today. As expected they again increased their interim dividend. They just never seem to let us down. Fair play it was only an increase of 7% from 42.2p per share in 2012 to 45p per share in 2013. This underlines British American Tobacco's dividend policy though and dividend growth is the norm and has been for some time. They will go ex dividend on Wednesday 21st August with the interim dividend being paid on Monday 30th September.
Earnings per share were up 9% to 106.6p per share which gives a healthy and robust dividend cover of 2.4 the dividend growth policy is in no fear of easing off the gas. I continue to hold these for the long term.
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