Turning Point Brands, Inc. (TPB) Declares $0.04 Quarterly Dividend; 1% Yield

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Go back to Turning Point Brands, Inc. (TPB) Declares $0.04 Quarterly Dividend; 1% Yield

Turning Point Brands, Inc. Initiates Cash Dividend, Announces Third Quarter 2017 Results

November 9, 2017 6:50 AM EST

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (NYSE: TPB), a leading provider of Other Tobacco Products (OTP), today announced that its board of directors has approved the initiation of a cash dividend to shareholders.

The initial quarterly dividend of $0.04 per common share will be paid on December 15, 2017, to shareholders of record on the close of business on November 27, 2017.

"Declaring a dividend underscores the board's confidence in the company's long-term growth opportunities and its financial strength," said President and Chief Executive Officer Larry Wexler. "It demonstrates our ongoing commitment to enhancing... More