Turning Point Brands Declares Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Turning Point Brands, Inc. (TPB) has declared a quarterly dividend of $0.05 per common share, payable on January 8, 2021, for shareholders of record as of December 18, 2020. TPB is a manufacturer and distributor of branded consumer products, including the well-known Zig-Zag® and Stoker’s® brands. The company's products are available in over 210,000 retail locations across North America, reinforcing its market presence and commitment to shareholders.

Positive

• Declared a regular quarterly dividend of $0.05 per share.
• Dividend payment scheduled for January 8, 2021, indicating financial stability.
• Established distribution network with products available in over 210,000 retail outlets.

Negative

• None.

LOUISVILLE, Ky.--(BUSINESS WIRE)--The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products with active ingredients, declared a regular quarterly dividend of $0.05 per common share. The dividend is payable on January 8, 2021, to shareholders of record on the close of business on December 18, 2020.

About Turning Point Brands, Inc.

Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products with active ingredients through its iconic core brands Zig-Zag® and Stoker’s®, and its emerging brands within the NewGen segment. TPB’s products are available in more than 210,000 retail outlets in North America in addition to sites such as www.zigzag.com, www.nu-x.com and www.solacevapor.com. For the latest news and information about TPB and its brands, please visit www.turningpointbrands.com.