Published on 5 May 2024 on Simply Wall St. via Yahoo Finance
Turning Point Brands (NYSE:TPB) Has Announced A Dividend Of $0.07
Turning Point Brands, Inc. (NYSE:TPB) will pay a dividend of $0.07 on the 5th of July. This means the annual payment will be 0.9% of the current stock price, which is lower than the industry average.
While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Turning Point Brands' stock price has increased by 39% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield.