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Imperial Brands has promised to increase the amount of money returned to investors from £2.4bn to £2.8bn over the next year.
Imperial Brands will dole out more cash to shareholders as it capitalizes on demand for vaporizers and alternative smoking products.
The tobacco giant, which makes Winston cigarettes, has promised to increase the amount of money returned to investors from £2.4bn to £2.8bn over the next year. The shares rose 4.1 per cent, or 88p, to 2,236p.
The company said it expected sales to have grown this year in its cigarettes and so-called next generation products (NGP).
Vaporizers, heated tobacco, and oral nicotine pouches are included in NGPs because they are manufactured to separate nicotine from harmful tobacco smoke.
NGP’s net income is expected to have grown between 20 and 30 percent in the year to the end of September, compared with the previous year.
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