Turning Point Brands Increases Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Turning Point Brands (NYSE: TPB) has declared a quarterly dividend of $0.065 per common share, reflecting an 8% increase from November 2022. This dividend is payable on April 7, 2023, for shareholders of record on March 17, 2023. Turning Point Brands specializes in branded consumer products including alternative smoking accessories and consumables, with products available in over 215,000 retail locations across North America.

Positive

• Dividend increased by 8% to $0.065 per share, indicating strong financial performance and shareholder confidence.
• The firm has a wide distribution network with products available in over 215,000 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 including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.065 per common share. This is an 8% increase over the regular quarterly dividend declared in November 2022. The dividend is payable on April 7, 2023, to shareholders of record on the close of business on March 17, 2023.

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/20230223005005/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?

The dividend amount declared by TPB is $0.065 per common share.

When is the dividend payable for TPB?

The dividend is payable on April 7, 2023.

What is the record date for TPB's dividend?

The record date for TPB's dividend is March 17, 2023.

How much has TPB increased its dividend?

TPB has increased its dividend by 8% from the previous dividend declared in November 2022.