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

Turning Point Brands, Inc. (NYSE:TPB) announced a quarterly dividend on Monday, July 27th. Investors of record on Friday, September 18th will be given a dividend of 0.08 per share on Friday, October 9th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 18th.

Turning Point Brands has increased its dividend payment 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 9.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Turning Point Brands to earn $2.24 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 14.3%.

Turning Point Brands Price Performance

TPB opened at $80.93 on Wednesday. The company has a current ratio of 5.87, a quick ratio of 4.05 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 27.53 and a beta of 0.92. The stock’s 50-day moving average price is $83.77 and its 200 day moving average price is $95.06. Turning Point Brands has a 12-month low of $65.80 and a 12-month high of $146.90.

Turning Point Brands (NYSE:TPB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. Turning Point Brands had a net margin of 11.53% and a return on equity of 16.54%. The business had revenue of $124.28 million during the quarter, compared to analyst estimates of $115.67 million. During the same quarter last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts expect that Turning Point Brands will post 1.39 earnings per share for the current year.

About Turning Point Brands

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.