Turning Point Brands, Inc. (TPB) To Go Ex-Dividend on September 18th

Turning Point Brands, Inc. (NYSE:TPB) announced a quarterly dividend on Monday, July 27th. Investors of record on Friday, September 18th will be paid a dividend of 0.08 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 18th.

Turning Point Brands has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Turning Point Brands has a payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Turning Point Brands to earn $2.02 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 15.8%.

Turning Point Brands Stock Performance

Shares of TPB stock opened at $69.95 on Wednesday. The company’s fifty day simple moving average is $81.08 and its 200-day simple moving average is $84.45. Turning Point Brands has a 12 month low of $65.80 and a 12 month high of $146.90. The company has a quick ratio of 4.16, a current ratio of 5.67 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.35 billion, a PE ratio of 30.02 and a beta of 0.94.

Turning Point Brands (NYSE:TPB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.11. Turning Point Brands had a net margin of 8.78% and a return on equity of 11.35%. The company had revenue of $142.96 million for the quarter, compared to analyst estimates of $129.56 million. During the same period in the previous year, the business earned $0.98 EPS. Turning Point Brands’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities research analysts expect that Turning Point Brands will post 1.23 EPS for the current fiscal year.

About Turning Point Brands

Turning Point Brands, Inc is a consumer-products company focused on branded products for the tobacco, smoking-accessory and modern oral categories. Its portfolio includes rolling papers, wraps, smokeless tobacco, nicotine pouches and related products marketed under established brands.

The company’s principal brands include Zig-Zag, which offers rolling papers, cones, wraps and smoking accessories; Stoker’s, known for smokeless tobacco products; and FRE, a brand of nicotine pouches. Turning Point Brands also develops and distributes other alternative and specialty products through its brand portfolio.

Turning Point Brands sells its products primarily through convenience stores, tobacco and vape retailers, specialty retailers, distributors, e-commerce channels and other consumer outlets in the United States, with some products available internationally.