Turning Point Brands, Inc. (NYSE:TPB – Get Free Report) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, December 18th will be paid a dividend of $0.08 per share on Friday, January 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, December 18th.
Turning Point Brands has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 7 years. Turning Point Brands has a dividend payout ratio of 9.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Turning Point Brands to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 15.8%.
Turning Point Brands Stock Down 1.1%
Shares of NYSE:TPB opened at $66.59 on Tuesday. The firm has a 50 day simple moving average of $67.06 and a 200-day simple moving average of $86.76. Turning Point Brands has a twelve month low of $54.17 and a twelve month high of $146.90. The company has a current ratio of 5.67, a quick ratio of 4.16 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.29 billion, a PE ratio of 28.58 and a beta of 0.97.
Turning Point Brands (NYSE:TPB – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.11. Turning Point Brands had a net margin of 8.78% and a return on equity of 11.35%. The firm had revenue of $142.96 million for the quarter, compared to the consensus estimate of $129.56 million. During the same period last year, the firm posted $0.98 EPS. The company’s revenue was up 22.6% on a year-over-year basis. On average, equities analysts predict that Turning Point Brands will post 1.19 EPS for the current fiscal year.
About Turning Point Brands
Turning Point Brands, Inc is a consumer products company focused on the manufacture, marketing and distribution of branded products for adult consumers. Its portfolio includes rolling papers, wraps, cigarette papers, smoking accessories, smokeless tobacco and modern oral nicotine products.
The company’s principal brands include Zig-Zag, a long-standing brand of rolling papers and related accessories, and Stoker’s, which offers moist smokeless tobacco and other tobacco products. Turning Point Brands also develops and markets newer nicotine products, including nicotine pouches, through its NewGen Products business.
Turning Point Brands serves retailers and consumers primarily in the United States through convenience stores, tobacco and specialty retailers, mass merchants, e-commerce channels and other distribution networks.
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