Vector Group Ltd (NYSE:VGR) announced a quarterly dividend on Wednesday, March 8th. Investors of record on Wednesday, March 22nd will be given a dividend of 0.40 per share on Thursday, March 30th. This represents a $1.60 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date is Monday, March 20th.
Shares of Vector Group (NYSE:VGR) opened at 21.12 on Thursday. The firm has a market cap of $2.70 billion, a PE ratio of 38.40 and a beta of 0.51. The company’s 50-day moving average price is $22.42 and its 200-day moving average price is $21.70. Vector Group has a 52-week low of $19.33 and a 52-week high of $23.24.
Vector Group (NYSE:VGR) last posted its quarterly earnings data on Wednesday, March 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.05. Vector Group had a negative return on equity of 50.25% and a net margin of 4.27%. The company earned $413 million during the quarter, compared to the consensus estimate of $399.30 million. During the same quarter last year, the firm earned $0.12 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts expect that Vector Group will post $0.62 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research cut shares of Vector Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 4th.
In other Vector Group news, insider Howard M. Lorber sold 300,000 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $22.85, for a total transaction of $6,855,000.00. Following the completion of the sale, the insider now owns 436,665 shares in the company, valued at approximately $9,977,795.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bennett S. Lebow sold 100,000 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $22.64, for a total transaction of $2,264,000.00. Following the sale, the director now owns 1,719,102 shares of the company’s stock, valued at approximately $38,920,469.28. The disclosure for this sale can be found here. Insiders have sold a total of 1,300,000 shares of company stock valued at $29,259,000 in the last quarter. Corporate insiders own 14.00% of the company’s stock.
Vector Group Company Profile
Vector Group Ltd. is a holding company. The Company is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group LLC (Liggett) and Vector Tobacco Inc (Vector Tobacco) subsidiaries; the sale of electronic cigarettes (e-cigarettes) in the United States through its Zoom E-Cigs LLC (Zoom) subsidiary, and the real estate business through its New Valley LLC subsidiary, which is seeking to acquire or invest in additional real estate properties or projects.
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