Vector Group Ltd. (NYSE:VGR) announces quarterly dividend of $0.20

Vector Group Ltd. (NYSE:VGR – Get Free Report ) declared a quarterly dividend on Tuesday, August 20th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.20 per share on Thursday, September 12th. This represents an annualized dividend of $0.80 and a yield of 5.29%. The ex-dividend date of this dividend is Friday, August 30.

Vector Group has a dividend payout ratio of 56.7%, indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vector Group to earn $1.26 per share next year, which means the company should be able to continue to cover its $0.80 annual dividend with an estimated future payout ratio of 63. 5%

Vector Group Stock by 8.1%

Vector Group stock opened at $15.13 on Thursday. Vector Group has a 12-month low of $9.27 and a 12-month high of $15.53. The stock has a market cap of $2.38 billion, a P/E ratio of 13.04 and a beta of 1.03. The company’s fifty-day simple moving average is $11.87, and its 200-day simple moving average is $11.12.

Changes in Analyst Ratings

VGR has been the subject of several recent research reports. StockNews.com upgraded Vector Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Barclays boosted their target price on Vector Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th.

Read the latest stock analysis on Vector Group

Vector Group Company Profile

(Get a free report)

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company manufactures cigarettes under the Montego, EAGLE 20, Pyramid, Grand Prix, Liggett Select, Eve and USA brands, as well as various partner and private brands.

Read more

Get Vector Group news and ratings daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Vector Group and related companies with MarketBeat.com’s FREE daily email newsletter.