Turning Point Brands Declares Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Turning Point Brands (TPB) declared a regular quarterly dividend of $0.06 per common share, payable on January 6, 2023, to shareholders of record as of December 16, 2022. This announcement highlights the company’s ongoing commitment to returning value to its shareholders while operating in the branded consumer products market, including alternative smoking accessories. TPB products are widely available across North America, reinforcing its strong market presence.

Positive

• Regular quarterly dividend of $0.06 per share enhances shareholder value.
• Demonstrates company’s commitment to returning value to shareholders.

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 $0.06 per common share. The dividend is payable on January 6, 2023, to shareholders of record on the close of business on December 16, 2022.

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 Zig-Zag® and Stoker’s® brands, and its emerging brands within the NewGen segment. TPB’s products are available in more than 215,000 retail outlets in North America, and on sites such as www.zigzag.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/20221102005013/en/

Louie Reformina, Senior Vice President, CFO

ir@tpbi.com (502) 774-9238

Source: Turning Point Brands, Inc.

FAQ

What is the dividend amount declared by Turning Point Brands (TPB)?

Turning Point Brands declared a dividend of $0.06 per common share.

When will the dividend for TPB be paid?

The dividend will be payable on January 6, 2023.

What is the record date for the TPB dividend?

The record date for the dividend is December 16, 2022.

How does the TPB dividend impact shareholders?

The dividend provides ongoing income to shareholders and reflects the company's commitment to return value.

Is the dividend from TPB sustainable?

The sustainability of the TPB dividend would depend on the company's future financial performance and cash flow.