LOUISVILLE, Ky.--(BUSINESS WIRE)--
Turning Point Brands, Inc. (NYSE:TPB), a leading provider of Other
Tobacco Products (“OTP”), today announced that its board of directors
has declared a quarterly cash dividend of $0.04 per common share.
Shareholders of record at the close of business on March 26, 2018 are
entitled to receive the dividend. It is payable on April 13, 2018.
President and Chief Executive Officer Larry Wexler said, "This is
Turning Point Brands' second quarterly dividend and reflects our board’s
continued confidence in the company’s strong cash flow generation
capability."
About Turning Point Brands, Inc.
Louisville, Kentucky-based Turning Point Brands, Inc. (NYSE: TPB) is a
leading U.S. provider of Other Tobacco Products. TPB, through its three
focus brands, Stoker’s® in Smokeless Products, Zig-Zag® in Smoking
Products and the VaporBeast® distribution engine in NewGen Products,
generates solid cash flow which it uses to finance acquisitions,
increase brand support and strengthen its capital structure. TPB does
not sell cigarettes. More information about TPB is available from its
website, http://www.turningpointbrands.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements may
generally be identified by the use of words such as "anticipate,"
"believe," "expect," "intend," "plan" and "will" or, in each case, their
negative, or other variations or comparable terminology. These
forward-looking statements include all matters that are not historical
facts. By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on circumstances
that may or may not occur in the future. As a result, actual events may
differ materially from those expressed in or suggested by the
forward-looking statements. Any forward-looking statement made by TPB in
this press release speaks only as of the date hereof. New risks and
uncertainties come up from time to time, and it is impossible for TPB to
predict these events or how they may affect it. A list and description
of these risks, uncertainties and other factors can be found in our most
recently filed Annual Report on Form 10-K and Quarterly Report on Form
10-Q, including in the sections captioned “Cautionary Note Regarding
Forward-Looking Statements” and “Risk Factors,” and in our subsequent
filings with the Securities and Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180307005847/en/
Investment Community:
Turning Point Brands, Inc.
Mark A.
Stegeman, 502-774-9238
Senior Vice President, Chief Financial
Officer
ir@tpbi.com
or
Media:
Mozaic
Investor Relations, Inc.
Terry McWilliams, 502-774-9238
President
ir@tpbi.com
Source: Turning Point Brands, Inc.