Turning Point Brands Increases Common Stock Dividend

February 23, 2023

The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.065 per common share. This is an 8% increase over the regular quarterly dividend declared in November 2022. The dividend is payable on April 7, 2023, to shareholders of record on the close of business on March 17, 2023.

About Turning Point Brands, Inc.

Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients through its iconic Zig-Zag® and Stoker’s® brands, and its emerging brands within the NewGen segment. TPB’s products are available in more than 215,000 retail outlets in North America, and on sites such as www.zigzag.com and www.solacevapor.com. For the latest news and information about TPB and its brands, please visit www.turningpointbrands.com.

Louie Reformina, Senior Vice President, CFO
ir@tpbi.com (502) 774-9238

Source: Turning Point Brands, Inc.