Published on 26 Nov 2023 on Simply Wall St. via Yahoo Finance

Interested In Vector Group's (NYSE:VGR) Upcoming US$0.20 Dividend? You Have Three Days Left

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Vector Group Ltd. (NYSE:VGR) is about to trade ex-dividend in the next three days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Vector Group's shares on or after the 30th of November will not receive the dividend, which will be paid on the 15th of December.

The company's upcoming dividend is US$0.20 a share, following on from the last 12 months, when the company distributed a total of US$0.80 per share to shareholders. Based on the last year's worth of payments, Vector Group has a trailing yield of 7.3% on the current stock price of $10.97. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Vector Group has been able to grow its dividends, or if the dividend might be cut.

View our latest analysis for Vector Group