Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, Beech-Nut, Durango, Trophy, and Wind River brands. The NewGen Products segment markets and distributes cannabidiol isolate, liquid vapor products, and other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. It sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, and drug stores. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky.
Turning Point Brands Dividend Announcement
• Turning Point Brands announced a quarterly dividend of $0.07 per ordinary share which will be made payable on 2025-01-10. Ex dividend date: 2024-12-20
• Turning Point Brands annual dividend for 2024 was $0.28
• Turning Point Brands annual dividend for 2023 was $0.26
• Turning Point Brands's trailing twelve-month (TTM) dividend yield is 0.45%
• Turning Point Brands's payout ratio for the trailing twelve months (TTM) is 10.08%
• Turning Point Brands's dividend growth over the last five years (2018-2023) was 9.52% year
Turning Point Brands Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-20 | $0.07 | quarterly | 2025-01-10 |
2024-09-13 | $0.07 | quarterly | 2024-10-04 |
2024-06-14 | $0.07 | quarterly | 2024-07-05 |
2024-03-21 | $0.07 | quarterly | 2024-04-12 |
2023-12-14 | $0.07 | quarterly | 2024-01-05 |
2023-09-14 | $0.07 | quarterly | 2023-10-06 |
2023-06-15 | $0.07 | quarterly | 2023-07-07 |
2023-03-16 | $0.07 | quarterly | 2023-04-07 |
2022-12-15 | $0.06 | quarterly | 2023-01-06 |
2022-09-15 | $0.06 | quarterly | 2022-10-07 |
2022-06-16 | $0.06 | quarterly | 2022-07-08 |
2022-03-17 | $0.06 | quarterly | 2022-04-08 |
2021-12-16 | $0.06 | quarterly | 2022-01-07 |
2021-09-16 | $0.06 | quarterly | 2021-10-08 |
2021-06-17 | $0.06 | quarterly | 2021-07-09 |
2021-03-18 | $0.06 | quarterly | 2021-04-09 |
2020-12-17 | $0.05 | quarterly | 2021-01-08 |
2020-09-17 | $0.05 | quarterly | 2020-10-09 |
2020-06-18 | $0.05 | quarterly | 2020-07-10 |
2020-03-19 | $0.05 | quarterly | 2020-04-10 |
2019-12-19 | $0.04 | quarterly | 2020-01-10 |
2019-09-19 | $0.04 | quarterly | 2019-10-11 |
2019-06-20 | $0.04 | quarterly | 2019-07-12 |
2019-03-21 | $0.04 | quarterly | 2019-04-12 |
2018-12-20 | $0.04 | quarterly | 2019-01-11 |
2018-09-20 | $0.04 | quarterly | 2018-10-12 |
2018-06-21 | $0.04 | quarterly | 2018-07-13 |
2018-03-23 | $0.04 | quarterly | 2018-04-13 |
2017-11-24 | $0.04 | quarterly | 2017-12-15 |
Turning Point Brands Dividend per year
Turning Point Brands Dividend growth
Turning Point Brands Dividend Yield
Turning Point Brands current trailing twelve-month (TTM) dividend yield is 0.45%. Interested in purchasing Turning Point Brands stock? Use our calculator to estimate your expected dividend yield:
Turning Point Brands Financial Ratios
Turning Point Brands Dividend FAQ
Other factors to consider when evaluating Turning Point Brands as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Turning Point Brands's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Turning Point Brands publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Turning Point Brands distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Turning Point Brands are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Turning Point Brands sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Turning Point Brands distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Turning Point Brands declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Turning Point Brands's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Turning Point Brands's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.