Turning Point Brands, Inc. (NYSE:TPB) Declares Quarterly Dividend of $0.08

Turning Point Brands, Inc. (NYSE:TPB) declared a quarterly dividend on Wednesday, February 25th. Investors of record on Friday, March 20th will be paid a dividend of 0.08 per share on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, March 20th. This is a 6.7% increase from Turning Point Brands’s previous quarterly dividend of $0.08.

Turning Point Brands has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Turning Point Brands has a dividend payout ratio of 8.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Turning Point Brands to earn $3.09 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 9.7%.

Turning Point Brands Trading Up 1.4%

NYSE:TPB traded up $2.05 during midday trading on Thursday, reaching $145.03. 75,365 shares of the stock traded hands, compared to its average volume of 282,689. Turning Point Brands has a 12 month low of $51.48 and a 12 month high of $146.90. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.98 and a current ratio of 5.56. The company has a fifty day moving average of $119.02 and a 200 day moving average of $105.04. The stock has a market capitalization of $2.77 billion, a P/E ratio of 50.87 and a beta of 0.87.

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.