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Vector Group’s Quarterly Dividend of $0.40 per Share

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Price movement of Vector Group

Vector Group (VGR) has a market cap of $2.7 billion. It rose by 0.56% to close at $21.59 per share on June 1, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 1.2%, 2.1%, and -6.9%, respectively, on the same day.

This means that VGR is trading 2.4% above its 20-day moving average, 0.18% above its 50-day moving average, and 3.6% below its 200-day moving average.

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Related ETF and peers

The Vanguard Small-Cap ETF (VB) invests 0.06% of its holdings in Vector Group. The ETF tracks the CRSP US Small Cap Index. The market-cap-weighted index includes the bottom 2%-15% of the investable universe. The YTD price movement of VB was 5.4% on June 1, 2016.

The market caps of Vector Group’s competitors are as follows:

  • Philip Morris International (PM) — $153.9 billion
  • Altria Group (MO) — $126.0 billion
  • Reynolds American (RAI) — $71.8 billion

Vector Group declared dividend

Vector Group has declared a regular quarterly cash dividend of $0.40 per share on its common stock. The dividend will be paid on June 29, 2016, to shareholders of record at the close of business on June 22, 2016.

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Performance of Vector Group in fiscal 1Q16

Vector Group reported fiscal 1Q16 total revenues of $380.8 million, a rise of 5.5% compared to total revenues of $360.8 million in fiscal 1Q15. Revenue from the Tobacco and E-cigarettes segments fell by 3.1% and 90.9%, respectively.

Revenue from the Real Estate segment rose by 20.7% in fiscal 1Q16 compared to fiscal 1Q15. It reported litigation, settlement, and judgment expenses and restructuring charges of $2.4 million and $41,000, respectively, in fiscal 1Q16.

Its net income and EPS (earnings per share) fell to $19.3 million and $0.16, respectively, in fiscal 1Q16, compared to $21.2 million and $0.18, respectively, in fiscal 1Q15. It reported pro forma adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $69.6 million in fiscal 1Q16, an increase of 35.7% compared to fiscal 1Q15.

In the next part, we’ll discuss Michael Kors Holdings (KORS).

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