Turning Point Brands Declares Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Turning Point Brands, Inc. (NYSE: TPB) has declared a quarterly dividend of $0.055 per common share. This dividend is set to be paid on January 7, 2022, to shareholders on record as of December 17, 2021. Turning Point Brands specializes in manufacturing, marketing, and distributing branded consumer products, including smoking accessories. Their products are available in over 210,000 retail locations across North America.

Positive

• Quarterly dividend of $0.055 per share enhances shareholder income.
• Established presence in over 210,000 retail outlets indicates strong market reach.

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 including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.055 per common share. The dividend is payable on January 7, 2022, to shareholders of record on the close of business on December 17, 2021.

About Turning Point Brands, Inc.

Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005045/en/

Louie Reformina, Senior Vice President, CFO

ir@tpbi.com (502) 774-9238

Source: Turning Point Brands, Inc.

FAQ

What is the dividend amount for TPB in January 2022?

The dividend amount for TPB in January 2022 is $0.055 per common share.

When will TPB pay its dividend?

TPB will pay its dividend on January 7, 2022.

What is the record date for TPB's dividend?

The record date for TPB's dividend is December 17, 2021.

How frequently does TPB pay dividends?

TPB pays dividends quarterly.

Is TPB's dividend sustainable?

The sustainability of TPB's dividend depends on its ongoing financial performance and cash flow.