Turning Point Brands Declares Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Turning Point Brands (NYSE: TPB) has declared a quarterly dividend of $0.06 per common share. This dividend is set to be paid on July 8, 2022, to shareholders of record as of the close of business on June 17, 2022. Turning Point Brands specializes in branded consumer products, including alternative smoking accessories, and has a substantial retail presence across North America.

Positive

• Declared a regular quarterly dividend of $0.06 per share, signaling positive cash flow and shareholder returns.
• Strong product distribution with availability in over 215,000 retail outlets across North America.

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 July 8, 2022, to shareholders of record on the close of business on June 17, 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/20220504005009/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 has declared a quarterly dividend of $0.06 per common share.

When is the dividend payable for TPB shareholders?

The dividend is payable on July 8, 2022, to shareholders of record on June 17, 2022.

How frequently does Turning Point Brands (TPB) pay dividends?

Turning Point Brands typically pays dividends on a quarterly basis.

Is the dividend from TPB sustainable?

The sustainability of the dividend depends on the company's ongoing financial performance and cash flow generation.