Vector Group Ltd. Plans Quarterly Dividend of $0.20 (NYSE:VGR)

Vector Group Ltd. (NYSE:VGR - Get Free Report) declared a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Investors of record on Wednesday, June 5th will be given a dividend of 0.20 per share on Friday, June 14th. This represents a $0.80 annualized dividend and a yield of 7.17%. The ex-dividend date is Wednesday, June 5th.

Vector Group Stock Performance

Shares of NYSE:VGR traded up $0.01 on Friday, hitting $11.16. 941,846 shares of the company were exchanged, compared to its average volume of 1,074,037. The company's 50 day moving average price is $10.54 and its two-hundred day moving average price is $10.78. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 9.62 and a beta of 1.06. Vector Group has a one year low of $9.27 and a one year high of $13.43.

Vector Group (NYSE:VGR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Vector Group had a net margin of 12.98% and a negative return on equity of 25.89%. The firm had revenue of $324.57 million for the quarter, compared to the consensus estimate of $333.30 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Research analysts predict that Vector Group will post 1.16 earnings per share for the current year.

About Vector Group

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the Montego, EAGLE 20's, Pyramid, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands.