Turning Point Brands: Dividend Insights
Portfolio Pulse from Benzinga Insights
Turning Point Brands (NYSE:TPB) announced a quarterly dividend of 7 cents per share, with the ex-dividend date set for Thursday. Shareholders owning TPB by the end of Wednesday are eligible for the dividend, payable on April 12, 2024.
March 18, 2024 | 2:46 pm
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NEUTRAL IMPACT
Turning Point Brands announces a quarterly dividend of 7 cents per share, payable on April 12, 2024, to shareholders on record by the end of Wednesday.
Dividend announcements typically have a neutral to positive impact on stock prices in the short term. However, the stock is expected to open 7 cents lower on the ex-dividend date, reflecting the payout. This adjustment is a standard market reaction and does not indicate a negative outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100