Published on 16 Mar 2024 on Simply Wall St. via Yahoo Finance

Turning Point Brands, Inc. (NYSE:TPB) Passed Our Checks, And It's About To Pay A US$0.07 Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Turning Point Brands, Inc. (NYSE:TPB) is about to trade ex-dividend in the next 4 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 important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase Turning Point Brands' shares on or after the 21st of March will not receive the dividend, which will be paid on the 12th of April.

The company's upcoming dividend is US$0.07 a share, following on from the last 12 months, when the company distributed a total of US$0.26 per share to shareholders. Looking at the last 12 months of distributions, Turning Point Brands has a trailing yield of approximately 1.0% on its current stock price of US$27.65. If you buy this business for its dividend, you should have an idea of whether Turning Point Brands's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for Turning Point Brands