Turning Point Brands Increases Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Turning Point Brands, Inc. (TPB) has declared a quarterly dividend of $0.055 per common share, reflecting a 10% increase from the previous dividend announced in November 2020. This dividend will be payable on April 9, 2021, to shareholders on record as of March 19, 2021. Turning Point Brands is engaged in the manufacturing and distribution of branded consumer products, including alternative smoking accessories through well-known brands such as Zig-Zag® and Stoker’s®.

Positive

• Quarterly dividend increased by 10%, signaling confidence in financial health.
• Dividend amount of $0.055 per common share benefits shareholders.

Negative

• None.

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. This is a 10% increase over the regular quarterly dividend declared in November 2020. The dividend is payable on April 9, 2021, to shareholders of record on the close of business on March 19, 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/20210223005102/en/

FAQ

What is the latest dividend declared by TPB?

Turning Point Brands has declared a quarterly dividend of $0.055 per common share.

When will the TPB dividend be paid?

The TPB dividend is payable on April 9, 2021.

Who qualifies for the TPB dividend?

Shareholders of record on March 19, 2021, will qualify for the TPB dividend.

How much has TPB increased its dividend?

TPB has increased its dividend by 10% from the previous quarterly dividend.