Turning Point Brands, Inc. (TPB) To Go Ex-Dividend on June 18th

Turning Point Brands, Inc. (NYSE:TPB) declared a quarterly dividend on Monday, May 4th. Stockholders of record on Friday, June 19th will be paid a dividend of 0.08 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 18th.

Turning Point Brands has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 7 years. Turning Point Brands has a payout ratio of 9.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Turning Point Brands to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 9.2%.

Turning Point Brands Price Performance

Turning Point Brands stock opened at $81.06 on Wednesday. The business has a 50 day simple moving average of $89.67 and a 200 day simple moving average of $101.51. The company has a debt-to-equity ratio of 0.79, a current ratio of 5.56 and a quick ratio of 4.12. The company has a market capitalization of $1.57 billion, a PE ratio of 25.90 and a beta of 0.93. Turning Point Brands has a one year low of $64.37 and a one year high of $146.90.

Turning Point Brands Company Profile

Turning Point Brands, Inc (NYSE: TPB) is a U.S.-based consumer products company focused on the manufacture, marketing and distribution of smokeless tobacco, vaping and cigar products. Headquartered in Old Hickory, Tennessee, the company serves retail outlets across all 50 states through a direct-store-delivery network and select third-party distributors. Turning Point Brands operates two reporting segments—Smokeless Products and Cigar—and leverages its logistics capabilities to offer a broad portfolio of brands and SKUs.

In its Smokeless Products segment, Turning Point Brands produces moist smokeless tobacco under leading brand names such as Grizzly, Kodiak and Stoker’s.