Vector Group Ltd. (VGR) Declares Quarterly Dividend of $0.40
Vector Group (NYSE:VGR) declared a quarterly dividend on Tuesday, September 2nd, Analyst Ratings Net reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.40 per share on Friday, September 26th. This represents a $1.60 dividend on an annualized basis and a yield of 6.73%.
On a related note, analysts at Oppenheimer initiated coverage on shares of Vector Group in a research note on Thursday, June 5th. They set an “outperform” rating and a $25.00 price target on the stock.
Vector Group (NYSE:VGR) traded down 0.46% on Tuesday, hitting $23.78. 743,963 shares of the company’s stock traded hands. Vector Group has a 52 week low of $15.50 and a 52 week high of $23.93. The stock has a 50-day moving average of $21.64 and a 200-day moving average of $20.83. The company has a market cap of $2.388 billion and a price-to-earnings ratio of 61.89.
Vector Group (NYSE:VGR) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.05. The company had revenue of $406.64 million for the quarter, compared to the consensus estimate of $369.60 million. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts expect that Vector Group will post $0.64 EPS for the current fiscal year.
In other Vector Group news, Director Bennett S. Lebow sold 50,000 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $23.44, for a total transaction of $1,172,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Vector Group Ltd is a holding company. The Company operates in tobacco and real estate. The Tobacco segment consists of the manufacture and sale of cigarettes.
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