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 will be paid on October 7, 2022, to shareholders of record as of September 16, 2022. Turning Point Brands specializes in the production and distribution of branded consumer products, including alternative smoking accessories, and operates through well-known brands like Zig-Zag® and Stoker’s®. Its products are offered in over 215,000 retail locations across North America.

Positive

• Quarterly dividend declared at $0.06 per share, signaling positive cash flow.
• Established presence in over 215,000 retail outlets demonstrates 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 $0.06 per common share. The dividend is payable on October 7, 2022, to shareholders of record on the close of business on September 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/20220803005026/en/

Louie Reformina, Senior Vice President, CFO

ir@tpbi.com (502) 774-9238

Source: Turning Point Brands, Inc.

FAQ

When is the TPB dividend payment date?

The TPB dividend payment date is October 7, 2022.

What is the dividend amount for TPB?

The dividend amount for TPB is $0.06 per common share.

Who are the shareholders of record for TPB?

Shareholders of record for TPB are those on record as of September 16, 2022.

How often does TPB pay dividends?

TPB pays dividends quarterly.