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

Turning Point Brands, Inc. (NYSE:TPB) announced a quarterly dividend on Monday, May 4th. Stockholders 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 is Thursday, June 18th.

Turning Point Brands has raised its dividend by an average of 0.1%annually over the last three years and has increased 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 $2.24 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 14.3%.

Turning Point Brands Trading Down 0.7%

NYSE:TPB opened at $81.98 on Tuesday. The stock has a fifty day simple moving average of $83.45 and a 200 day simple moving average of $99.93. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 27.88 and a beta of 0.92. Turning Point Brands has a 1-year low of $65.80 and a 1-year high of $146.90. The company has a quick ratio of 4.05, a current ratio of 5.87 and a debt-to-equity ratio of 0.76.

Turning Point Brands (NYSE:TPB) last released its earnings results on Thursday, May 7th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. Turning Point Brands had a net margin of 11.53% and a return on equity of 16.54%. The business had revenue of $124.28 million for the quarter, compared to the consensus estimate of $115.67 million. During the same period last year, the firm posted $0.91 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Sell-side analysts forecast that Turning Point Brands will post 1.43 earnings per share for the current year.

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.