Vector Group (VGR) Stock Forecast, Price & News

Vector Group's stock was trading at $11.86 at the start of the year. Since then, VGR stock has decreased by 10.3% and is now trading at $10.64.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our VGR earnings forecast.

Vector Group Ltd. (NYSE:VGR) announced its earnings results on Thursday, August, 3rd. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.01. The firm earned $365.66 million during the quarter, compared to the consensus estimate of $408.20 million. Vector Group had a negative trailing twelve-month return on equity of 21.19% and a net margin of 11.09%.

Vector Group declared a quarterly dividend on Tuesday, August 22nd. Investors of record on Friday, September 1st will be given a dividend of $0.20 per share on Friday, September 15th. This represents a $0.80 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for VGR.

ETFs with the largest weight of Vector Group (NYSE:VGR) stock in their portfolio include AdvisorShares Vice ETF (VICE), Invesco S&P SmallCap Consumer Staples ETF (PSCC), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Global SuperDividend US ETF (DIV), RiverFront Dynamic US Dividend Advantage ETF (RFDA), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ETFMG Alternative Harvest ETF (MJ) and Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG).

Vector Group (NYSE:VGR) pays an annual dividend of $0.80 per share and currently has a dividend yield of 7.48%. VGR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.21%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, VGR will have a dividend payout ratio of 66.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VGR.

4 employees have rated Vector Group Chief Executive Officer Howard M. Lorber on Glassdoor.com. Howard M. Lorber has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Vector Group investors own include AbbVie (ABBV), Chicago Bridge Iron (CBI), Diebold Nixdorf (DBD), Bristol-Myers Squibb (BMY), KKR & Co. Inc. (KKR), Philip Morris International (PM), Altria Group (MO), AT&T (T), Energy Transfer (ET) and Johnson Controls International (JCI).

Vector Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "VGR."

Shares of VGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VGR stock can currently be purchased for approximately $10.64.

Vector Group (NYSE:VGR) has a market capitalization of $1.66 billion and generates $1.44 billion in revenue each year. The company earns $158.70 million in net income (profit) each year or $1.01 on an earnings per share basis.

The company employs 536 workers across the globe.

Vector Group's mailing address is 4400 BISCAYNE BOULEVARD, MIAMI FL, 33137. The official website for the company is www.vectorgroupltd.com. The company can be reached via phone at (305) 579-8000, via email at cclancy@sardverb.com, or via fax at 302-655-5049.