Turning Point Brands Increases Common Stock Dividend From $0.065 To $0.07 Per Share
Portfolio Pulse from Benzinga Newsdesk
Turning Point Brands, Inc. (TPB) announced an 8% increase in its quarterly dividend, raising it from $0.065 to $0.07 per share. The dividend is payable on April 12, 2024, to shareholders of record as of March 22, 2024.
February 28, 2024 | 9:58 pm
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Turning Point Brands, Inc. (TPB) has increased its quarterly dividend by 8%, from $0.065 to $0.07 per share, payable to shareholders on record by March 22, 2024.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. This 8% increase in TPB's dividend is likely to be seen as a strong signal of its commitment to returning value to shareholders, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100