Vector Group Ltd. (NYSE:VGR) announced a quarterly dividend on Thursday, November 30th, Wall Street Journal reports. Shareholders of record on Wednesday, December 20th will be paid a dividend of 0.40 per share on Thursday, December 28th. This represents a $1.60 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date is Tuesday, December 19th.

Vector Group has a dividend payout ratio of 242.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Vector Group to earn $0.66 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 242.4%.

Shares of Vector Group (VGR) traded down $0.04 during mid-day trading on Thursday, reaching $22.39. 1,219,900 shares of the company’s stock were exchanged, compared to its average volume of 682,975. Vector Group has a twelve month low of $18.70 and a twelve month high of $22.63. The company has a quick ratio of 2.29, a current ratio of 2.61 and a debt-to-equity ratio of -3.97. The company has a market cap of $3,032.06, a P/E ratio of 34.23 and a beta of 0.43.

Vector Group (NYSE:VGR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The business had revenue of $484.60 million during the quarter, compared to the consensus estimate of $448.00 million. Vector Group had a net margin of 2.60% and a negative return on equity of 32.02%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. research analysts predict that Vector Group will post 0.66 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Vector Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.

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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, 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.

Dividend History for Vector Group (NYSE:VGR)

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