TPB stock dividend – Turning Point Brands Announces Quarterly Cash Dividend

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Turning Point Brands ($NYSE:TPB), Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.06 per common share, payable on April 3, 2020, to stockholders of record as of the close of business on March 20, 2020. This marks the company’s fourth consecutive quarterly dividend, and brings the total dividends paid out by Turning Point Brands to $0.24 per share over the past year. Turning Point Brands is a leading provider of tobacco products and smoking accessories in the United States. The company’s portfolio of brands includes Zig-Zag®, Stoker’s®, Dutch Masters®, and Phillies®.

Turning Point Brands also offers a wide range of private label tobacco products and smoking accessories. Turning Point Brands is committed to delivering shareholder value through a combination of strong operating performance and regular cash dividends.

Dividends – TPB stock dividend

Turning Point Brands, Inc. announced today that it has issued a quarterly cash dividend of $0.24 per share for the fiscal year ending September 30, 2022. This is an increase from the $0.22 and $0.20 dividends issued in the last two years. The dividend yield for 2020 was 0.69%, while the dividend yields for 2021 and 2022 were 0.46% and 0.74%, respectively. The three-year average dividend yield is 0.63%.

Stock Price

On Monday, Turning Point Brands stock opened at $22.5 and closed at $22.5. This was following the announcement of the company’s quarterly cash dividend. At the time of writing, media coverage around the company has been mostly neutral.

This dividend is a positive sign for the company, and investors will be hoping that it signals a turning point for the brand. The company has been under pressure in recent years, and this move may help to restore confidence in its future.

VI Analysis

Turning Point Brands is a publicly traded company that produces and markets tobacco products. TPB is a leading provider of moist snuff, cigars, and other tobacco products in the United States. The company’s products are sold under the brand names Timber Wolf, Stoker’s, and Dutch Masters. TPB also manufactures and markets private label tobacco products. Turning Point Brands has a medium risk rating from VI App, based on the company’s financial and business risk factors. TPB has 1 risk warning in its balance sheet, which investors should be aware of.

However, overall, the company’s fundamentals reflect its long-term potential as a leading provider of tobacco products in the United States.

VI Peers

As the tobacco industry continues to experience declining sales in the United States, companies are looking for new ways to grow their business. One area of opportunity is the e-cigarette market. Turning Point Brands Inc is one of the leading e-cigarette companies and is facing stiff competition from Golden Tobacco Ltd, Emmi AG, and Limoneira Co.

– Golden Tobacco Ltd ($BSE:500151)

Golden Tobacco is a publicly traded company with a market capitalization of $1.36 billion as of 2022. The company’s return on equity (ROE) is -5.23%. Golden Tobacco is engaged in the manufacture and sale of cigarettes and other tobacco products. The company’s products are sold in over 50 countries worldwide. Golden Tobacco has a long history, dating back to the early 1800s. The company is headquartered in London, England.

– Emmi AG ($LTS:0QM5)

Emmi AG is a leading international provider of fresh dairy products, with a focus on premium quality. The company has a market cap of 4.1B as of 2022 and a return on equity of 15.21%. Emmi’s products are sold in over 50 countries and include a wide range of cheese, yogurt, and other dairy products. The company has a strong focus on quality and innovation, and is constantly expanding its product range to meet the needs of its customers. Emmi is a trusted partner for retailers and foodservice providers around the world, and is committed to providing the highest quality products and services.

– Limoneira Co ($NASDAQ:LMNR)

Limoneira Company is a agribusiness and real estate development company, which engages in the production of lemons, avocados, oranges,specialty citrus and other crops; and rental operations. The company was founded in 1893 and is headquartered in Santa Paula, CA.

Summary

Turning Point Brands is a leading provider of tobacco products and smoking accessories. The company’s products include cigarettes, cigars, smokeless tobacco, electronic cigarettes, and rolling papers. The company has a market capitalization of over $1 billion, and its shares have been trading at around $20 per share in recent months.

Turning Point Brands is a well-established company with a long history of success. The company’s products are in high demand, and its shares offer investors a good opportunity for growth.