Vector Group Ltd (VGR) Announces Quarterly Dividend of $0.40

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.

Dividend History for Vector Group (NYSE:VGR)

This article was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another publication, it was illegally stolen and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/03/09/vector-group-ltd-vgr-announces-quarterly-dividend-of-0-40.html.

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.

5 Day Chart for NYSE:VGR

Receive News & Ratings for Vector Group Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vector Group Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply