By the close of today, December 15, 2023, Vector Group VGR will issue a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 7.46%. Only those investors who owned the stock prior to the ex-dividend date on November 30, 2023 will receive this payout.
Vector Group Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-30 | 4 | $0.2 | 7.46% | 2023-11-21 | 2023-12-01 | 2023-12-15 |
| 2023-08-31 | 4 | $0.2 | 7.53% | 2023-08-22 | 2023-09-01 | 2023-09-15 |
| 2023-06-16 | 4 | $0.2 | 6.15% | 2023-06-09 | 2023-06-20 | 2023-06-29 |
| 2023-03-16 | 4 | $0.2 | 5.97% | 2023-03-06 | 2023-03-17 | 2023-03-30 |
| 2022-12-08 | 4 | $0.2 | 7.35% | 2022-11-28 | 2022-12-09 | 2022-12-20 |
| 2022-09-14 | 4 | $0.2 | 7.6% | 2022-08-22 | 2022-09-15 | 2022-09-29 |
| 2022-06-16 | 4 | $0.2 | 6.6% | 2022-06-06 | 2022-06-17 | 2022-06-29 |
| 2022-03-21 | 4 | $0.2 | 7.95% | 2022-03-09 | 2022-03-22 | 2022-03-30 |
| 2021-12-09 | 4 | $0.2 | 5.12% | 2021-11-30 | 2021-12-10 | 2021-12-20 |
| 2021-09-14 | 4 | $0.2 | 5.61% | 2021-08-23 | 2021-09-15 | 2021-09-29 |
| 2021-06-15 | 4 | $0.2 | 5.47% | 2021-05-27 | 2021-06-16 | 2021-06-29 |
| 2021-03-18 | 4 | $0.2 | 5.67% | 2021-03-02 | 2021-03-19 | 2021-03-30 |
Vector Group's dividend yield falls in the middle range when compared to its industry peers, with British American Tobacco BTI having the highest annualized dividend yield at 9.35%.
Analyzing Vector Group Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, there was a decline in the company's dividend per share, dropping from $1.60 in 2019 to $0.80 in 2022. This negative trend suggests a reduction in the company's dividend distribution, which requires careful investigation to identify the underlying causes.
YoY Earnings Growth For Vector Group
From 2019 to 2022, Vector Group experienced a growth in earnings per share, with an increase from $0.82 to $0.92. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article takes an in-depth look at Vector Group's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.20 per share today, translating to an annualized dividend yield of 7.46%.
Vector Group's dividend yield falls in the middle range when compared to its industry peers, with British American Tobacco having the highest annualized dividend yield at 9.35%.
Given that Vector Group has experienced a decrease in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could indicate that the company is focusing on reinvesting profits into business growth rather than prioritizing dividend distributions.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
[Monitor live stock price updates for Vector Group on Benzinga.](https://www.benzinga.com/quote/Vector Group (NYSE: VGR))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
