Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes in 100 combinations under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands. It markets and sells its cigarettes to wholesalers and distributors of tobacco and convenience products, as well as grocery, drug, and convenience store chains. The company also engages in real estate investment business. The company was formerly known as Brooke Group Ltd. and changed its name to Vector Group Ltd. in May 2000. Vector Group Ltd. was founded in 1873 and is headquartered in Miami, Florida.
Vector Dividend Announcement
• Vector announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-09-12. Ex dividend date: 2024-08-30
• Vector annual dividend for 2024 was $0.60
• Vector annual dividend for 2023 was $0.80
• Vector's trailing twelve-month (TTM) dividend yield is 6.67%
• Vector's payout ratio for the trailing twelve months (TTM) is 63.35%
• Vector's dividend growth over the last five years (2018-2023) was -12.94% year
• Vector's dividend growth over the last ten years (2013-2023) was -6.58% year
Vector Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-30 | $0.20 | quarterly | 2024-09-12 |
2024-06-05 | $0.20 | quarterly | 2024-06-14 |
2024-03-01 | $0.20 | quarterly | 2024-03-14 |
2023-11-30 | $0.20 | quarterly | 2023-12-15 |
2023-08-31 | $0.20 | quarterly | 2023-09-15 |
2023-06-16 | $0.20 | quarterly | 2023-06-29 |
2023-03-16 | $0.20 | quarterly | 2023-03-30 |
2022-12-08 | $0.20 | quarterly | 2022-12-20 |
2022-09-14 | $0.20 | quarterly | 2022-09-29 |
2022-06-16 | $0.20 | quarterly | 2022-06-29 |
2022-03-21 | $0.20 | quarterly | 2022-03-30 |
2021-12-09 | $0.20 | quarterly | 2021-12-20 |
2021-09-14 | $0.20 | quarterly | 2021-09-29 |
2021-06-15 | $0.20 | quarterly | 2021-06-29 |
2021-03-18 | $0.20 | quarterly | 2021-03-30 |
2020-12-16 | $0.20 | quarterly | 2020-12-30 |
2020-09-16 | $0.20 | quarterly | 2020-09-29 |
2020-06-18 | $0.20 | quarterly | 2020-06-29 |
2020-03-18 | $0.20 | quarterly | 2020-03-30 |
2019-12-16 | $0.40 | quarterly | 2019-12-30 |
2019-09-16 | $0.40 | quarterly | 2019-09-27 |
2019-06-17 | $0.40 | quarterly | 2019-06-27 |
2019-03-18 | $0.40 | quarterly | 2019-03-28 |
2018-12-17 | $0.40 | quarterly | 2018-12-28 |
2018-09-17 | $0.40 | quarterly | 2018-09-27 |
2018-06-18 | $0.40 | quarterly | 2018-06-29 |
2018-03-19 | $0.40 | quarterly | 2018-03-29 |
2017-12-19 | $0.40 | quarterly | 2017-12-28 |
2017-09-19 | $0.38 | quarterly | 2017-09-28 |
2017-06-16 | $0.40 | quarterly | 2017-06-29 |
2017-03-20 | $0.40 | quarterly | 2017-03-30 |
2016-12-19 | $0.40 | quarterly | 2016-12-29 |
2016-09-19 | $0.40 | quarterly | 2016-09-29 |
2016-06-20 | $0.40 | quarterly | 2016-06-29 |
2016-03-17 | $0.40 | quarterly | 2016-03-30 |
2015-12-11 | $0.40 | quarterly | 2015-12-29 |
2015-09-14 | $0.38 | quarterly | 2015-09-29 |
2015-06-15 | $0.40 | quarterly | 2015-06-30 |
2015-03-16 | $0.40 | quarterly | 2015-03-31 |
2014-12-10 | $0.40 | quarterly | 2014-12-30 |
2014-09-11 | $0.38 | quarterly | 2014-09-26 |
2014-06-11 | $0.40 | quarterly | 2014-06-27 |
2014-03-18 | $0.40 | quarterly | 2014-03-28 |
2013-12-11 | $0.40 | quarterly | 2013-12-27 |
2013-09-12 | $0.38 | quarterly | 2013-09-27 |
2013-06-12 | $0.40 | quarterly | 2013-06-27 |
2013-03-13 | $0.40 | quarterly | 2013-03-28 |
Vector Dividend per year
Vector Dividend growth
Vector Dividend Yield
Vector current trailing twelve-month (TTM) dividend yield is 6.67%. Interested in purchasing Vector stock? Use our calculator to estimate your expected dividend yield:
Vector Financial Ratios
Vector Dividend FAQ
Other factors to consider when evaluating Vector 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: Vector'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, Vector 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, Vector 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 Vector 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: Vector 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, Vector distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Vector 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 Vector'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 Vector'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.