Vector Group Ltd (NYSE:VGR) declared a quarterly dividend on Thursday, August 30th, Wall Street Journal reports. Shareholders of record on Tuesday, September 18th will be paid a dividend of 0.40 per share on Thursday, September 27th. This represents a $1.60 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date is Monday, September 17th.

Vector Group has a dividend payout ratio of 372.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Vector Group to earn $0.72 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 222.2%.

Shares of NYSE VGR opened at $15.84 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.17 and a debt-to-equity ratio of -2.54. Vector Group has a one year low of $15.30 and a one year high of $23.14. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 33.35 and a beta of 0.28.

Vector Group (NYSE:VGR) last released its earnings results on Monday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $481.50 million for the quarter, compared to analyst estimates of $494.80 million. Vector Group had a negative return on equity of 18.66% and a net margin of 4.75%. Vector Group’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. equities analysts forecast that Vector Group will post 0.43 earnings per share for the current fiscal year.

Several analysts have recently issued reports on VGR shares. Zacks Investment Research lowered Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. ValuEngine lowered Vector Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th.

About Vector Group

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates through Tobacco, E-Cigarettes, and Real Estate segments. The company produces cigarettes in 109 combinations under the PYRAMID, EAGLE 20's, GRAND PRIX, LIGGETT SELECT, and EVE brand names, as well as USA and various partner brands, and private label brands.

Further Reading: How Do You Calculate Return on Investment (ROI)?

Dividend History for Vector Group (NYSE:VGR)

Receive News & Ratings for Vector Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group and related companies with MarketBeat.com's FREE daily email newsletter.