Turning Point Brands, Inc. (NYSE:TPB) will begin trading ex-dividend on September 17, 2020. The quarterly dividend payment of $ 0.05 per share is scheduled to be paid on October 9, 2020. The dividend yield based on the latest trading day closing price was 0.66 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Turning Point Brands, Inc. recently reported second quarter financial results on July 28, 2020, before market open, manufacturer of tobacco products announced income for the second quarter of $ 0.71 per share, from the revenue of $ 104.96 million. The quarterly earnings escalated 33.96 percent while revenues elevated 12.45 percent compared with the same quarter last year.
Street analysts expected Turning Point Brands, Inc. recently reported second quarter financial results on July 28, 2020, before market open, manufacturer of tobacco products to report income of $ 0.45 per share on revenue of $ 95.44 million for the second quarter. The bottom line results beat street analysts by $ 0.26 or 57.78 percent, at the same time, top line results outshined analysts by $ 9.52 million or 9.97 percent.
Stock Performance
Shares of Turning Point Brands, Inc. traded up $ 0.35 or 1.17 percent on Thursday, reaching $ 30.33 with volume of 137.40 thousand shares. Turning Point Brands, Inc. has traded high as $ 30.76 and has cracked $ 30.00 on the downward trend
According to the previous trading day, closing price of $ 30.33, representing a 112.78 % increase from the 52 week low of $ 14.09 and a 13.25 % decrease over the 52 week high of $ 34.56.
The company has a market capital of $ 583.00 million and is part of the Consumer Defensive sector and Tobacco industry.
Turning Point Brands, Inc., together with its subsidiaries, provides other tobacco products in the United States. The company operates in 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.
