Turning Point Brands Inc (TPB) To Go Ex-Dividend on March 21st

Turning Point Brands Inc (NYSE:TPB) announced a quarterly dividend on Tuesday, March 5th, Wall Street Journal reports. Investors of record on Friday, March 22nd will be paid a dividend of 0.045 per share on Friday, April 12th. This represents a $0.18 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, March 21st.

Shares of TPB opened at $48.90 on Wednesday. The firm has a market capitalization of $971.98 million, a price-to-earnings ratio of 28.60 and a beta of 1.27. Turning Point Brands has a fifty-two week low of $19.11 and a fifty-two week high of $50.07. The company has a current ratio of 1.75, a quick ratio of 0.32 and a debt-to-equity ratio of 2.26.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The company had revenue of $94.29 million during the quarter, compared to analyst estimates of $91.70 million. Turning Point Brands had a net margin of 7.60% and a return on equity of 51.39%. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Sell-side analysts forecast that Turning Point Brands will post 1.92 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on TPB shares. Zacks Investment Research lowered shares of Turning Point Brands from a “hold” rating to a “strong sell” rating in a report on Friday, March 15th. B. Riley lifted their price target on shares of Turning Point Brands from $45.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 13th.

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Turning Point Brands Company Profile

Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products primarily in the United States. It operates through three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.

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Dividend History for Turning Point Brands (NYSE:TPB)

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