Vector Group Declares Quarterly Cash Dividend

Rhea-AI Summary

Vector Group Ltd. (NYSE: VGR) has declared a quarterly cash dividend of $0.20 per share, payable on March 30, 2023, to shareholders on record as of March 17, 2023. This announcement reflects the company's ongoing commitment to returning value to its shareholders. Vector Group operates through its subsidiaries, including Liggett Group LLC and Vector Tobacco LLC. For further details about the company, visit VectorGroupLtd.com.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Commitment to returning value to shareholders.

Negative

• None.

MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE: VGR) today announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.20 per share. The quarterly cash dividend will be payable on March 30, 2023 to holders of record as of March 17, 2023.

Vector Group is a holding company for Liggett Group LLC, Vector Tobacco LLC and New Valley LLC. Additional information concerning the company is available on the Company's website, www.VectorGroupLtd.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230306005812/en/

Columbia Clancy / Catherine Livingston

FGS Global

212-687-8080

Source: Vector Group Ltd.

FAQ

What is the dividend amount declared by Vector Group Ltd.?

Vector Group Ltd. declared a quarterly cash dividend of $0.20 per share.

When will the dividend be paid?

The dividend will be payable on March 30, 2023.

What is the record date for the dividend?

The record date for the dividend is March 17, 2023.

How often does Vector Group pay dividends?

Vector Group typically pays dividends quarterly.

Is the dividend sustainable for Vector Group?

The sustainability of the dividend depends on the company's financial performance, which should be monitored regularly.