Turning Point Brands Increases Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Turning Point Brands (NYSE: TPB) announced a quarterly dividend of $0.06 per share, marking a 9% increase from the previous dividend. This dividend will be payable on April 8, 2022, to shareholders of record as of March 18, 2022. Turning Point Brands manufactures and distributes a range of branded consumer products, including smoking accessories and consumables, through popular brands like Zig-Zag® and Stoker’s®.

Positive

• 9% increase in quarterly dividend enhances shareholder income.
• Demonstrates company confidence and profitability.

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. This is a 9% increase over the regular quarterly dividend declared in November 2021. The dividend is payable on April 8, 2022, to shareholders of record on the close of business on March 18, 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 210,000 retail outlets in North America, and on 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/20220222005196/en/

Louie Reformina, Senior Vice President, CFO

ir@tpbi.com (502) 774-9238

Source: Turning Point Brands, Inc.

FAQ

What is the newly declared dividend amount for TPB?

The newly declared dividend amount for Turning Point Brands (TPB) is $0.06 per share.

When will the TPB dividend be paid?

The TPB dividend will be paid on April 8, 2022.

What is the record date for TPB's dividend payment?

The record date for TPB's dividend payment is March 18, 2022.

How much has TPB increased its dividend?

TPB has increased its dividend by 9% over the previous quarter.