Turning Point Brands Increases Common Stock Dividend
LOUISVILLE, Ky.--(BUSINESS WIRE)--Nov 6, 2018--The Board of Directors of Turning Point Brands, Inc. (NYSE: TPB) declared a regular quarterly dividend of $0.045 per common share. This is a 12.5% increase over the regular quarterly dividend declared in August 2018. The dividend is payable on January 11, 2019, to shareholders of record on the close of business on December 21, 2018.
About Turning Point Brands, Inc.
Louisville, Kentucky-based Turning Point Brands, Inc. (NYSE: TPB) is a leading U.S. provider of Other Tobacco Products. TPB, through its three focus brands, Stoker’s® in Smokeless Products, Zig-Zag® in Smoking Products and the VaporBeast® distribution engine in NewGen Products, generates solid cash flow which it uses to finance acquisitions, increase brand support and strengthen its capital structure. TPB does not sell cigarettes. More information about TPB is available from its corporate website, http://www.turningpointbrands.com.
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CONTACT: Turning Point Brands, Inc.
Robert Lavan, 502-774-9238
Chief Financial Officer
KEYWORD: UNITED STATES NORTH AMERICA KENTUCKY
INDUSTRY KEYWORD: RETAIL SPECIALTY TOBACCO OTHER RETAIL
SOURCE: Turning Point Brands, Inc.
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PUB: 11/06/2018 04:15 PM/DISC: 11/06/2018 04:15 PM