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

Key Points

• Quarterly dividend of $0.08 declared (annualized $0.32) — investors of record on June 19 will be paid on July 10, with an ex-dividend date of June 18, representing about a 0.4% yield.
• The dividend appears well covered with a payout ratio of 9.0% and seven consecutive years of annual increases; analysts project $3.49 in EPS next year, implying a similar low payout ratio (~9.2%) going forward.
• Turning Point Brands (NYSE:TPB) is a U.S. smokeless tobacco, vaping and cigar company (brands include Grizzly, Kodiak and Stoker's) with a market cap around $1.58B and recent trading near $81.48, within a 12‑month range of $63.15–$146.90.

Turning Point Brands, Inc. (NYSE:TPB - Get Free Report) declared a quarterly dividend on Monday, May 4th. Investors 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 payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 7 consecutive 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 Trading Down 1.4%

Shares of NYSE:TPB opened at $81.48 on Tuesday. The stock has a 50 day moving average of $90.76 and a 200 day moving average of $101.58. The company has a market cap of $1.58 billion, a PE ratio of 26.03 and a beta of 0.93. The company has a current ratio of 5.56, a quick ratio of 4.12 and a debt-to-equity ratio of 0.79. Turning Point Brands has a 12-month low of $63.15 and a 12-month 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.

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