Turning Point Brands Inc Dividends
The next dividend date for Turning Point Brands Inc has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Turning Point Brands Inc (TPB)
More About Turning Point Brands Inc
Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products in the United States and Canada. It operates through two segments, Zig-Zag Products and Stoker's Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand. The Stoker's Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker's, FRE, Beech-Nut, Durango, Trophy, and Wind River brands. In addition, it markets and distributes cannabis accessories and tobacco products. The company sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, drug store, and non-traditional retail channels. The company was formerly known as North Atlantic Holding Company, Inc. and changed its name to Turning Point Brands, Inc. in November 2015. Turning Point Brands, Inc. was founded in 1988 and is headquartered in Louisville, Kentucky.
Owning Turning Point Brands Inc Stock on the Dividend Date
If you own Turning Point Brands Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Turning Point Brands Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Turning Point Brands Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Turning Point Brands Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Turning Point Brands Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Turning Point Brands Inc Dividends
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