Turning Point Brands Declares Common Stock Dividend

October 31, 2019

LOUISVILLE, Ky.--(BUSINESS WIRE)-- The Board of Directors of Turning Point Brands, Inc. (NYSE: TPB) declared a regular quarterly dividend of $0.045 per common share. The dividend is payable on January 10, 2020, to shareholders of record on the close of business on December 20, 2019.

About Turning Point Brands, Inc.

Louisville, Kentucky-based Turning Point Brands, Inc. (NYSE: TPB) is a leading U.S. provider of Other Tobacco Products and adult consumer alternatives. TPB, through its focus brands 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 the company is available at its corporate website, www.turningpointbrands.com.

Turning Point Brands, Inc.

Robert Lavan, 502-774-9238

Chief Financial Officer

ir@tpbi.com

Source: Turning Point Brands, Inc.