Turning Point Brands, Inc. (NYSE:TPB) Declares $0.08 Quarterly Dividend

Turning Point Brands, Inc. (NYSE:TPB) 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) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, June 18th.

Turning Point Brands has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 7 years. Turning Point Brands has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE:TPB opened at $82.18 on Tuesday. The firm has a market cap of $1.59 billion, a PE ratio of 26.30 and a beta of 0.93. Turning Point Brands has a 12 month low of $63.15 and a 12 month high of $146.90. The company has a quick ratio of 4.12, a current ratio of 5.56 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $90.76 and its two-hundred day moving average price is $101.58.

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.