Tobacco products giant Imperial Brands PLC (LON:IMB) has reaffirmed its commitment to deliver dividend growth of at least 10% a year over the medium-term.
The company was set to deliver the pledge at a Capital Markets day on Wednesday that was crafted to focus on three themes: quality, agility and discipline.
No new trading details were set to be released, but the company said it would be commenting on the rationale behind its drive to reduce complexity, including the divestment of non-core brands, and its approach to resource allocation, which should see debt come down and the returns to shareholders improved.
Shares in Imperial were up 19p at 3,801p in mid-morning trading.