At the end of today, March 14, 2024, Vector Group VGR will distribute a dividend payout of $0.20 per share, translating to an annualized dividend yield of 6.80%. Shareholders who held the stock before the ex-dividend date on March 01, 2024 will benefit from this payout.
Vector Group Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-03-01 | 4 | $0.2 | 6.8% | 2024-02-15 | 2024-03-04 | 2024-03-14 |
| 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 |
When comparing Vector Group's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer British American Tobacco BTI having the highest annualized dividend yield at 9.63%.
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 2020 to 2023, the company maintained a consistent dividend per share of $0.80. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.
YoY Earnings Growth For Vector Group
The earnings chart illustrates an increase in Vector Group's earnings per share, from $0.82 in 2020 to $1.18 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
This article delves into the recent dividend payout of Vector Group and its implications for shareholders. Presently, the company is distributing a dividend of $0.20 per share, leading to an annualized dividend yield of 6.80%.
When comparing Vector Group's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer British American Tobacco having the highest annualized dividend yield at 9.63%.
Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for Vector Group indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
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.
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