NEW YORK ( TheStreet) -- The ex-dividend date for Vector Group (NYSE: VGR) is tomorrow, March 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $16.93 as of 9:32 a.m. ET, the dividend yield is 9.3%.

The average volume for Vector Group has been 408,600 shares per day over the past 30 days. Vector Group has a market cap of $1.3 billion and is part of the consumer goods sector and tobacco industry. Shares are down 1.3% year to date as of the close of trading on Monday.

Vector Group Ltd., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States. The company has a P/E ratio of 24.2, equal to the average tobacco industry P/E ratio and above the S&P 500 P/E ratio of 16.1.

TheStreet Ratings rates Vector Group as buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Vector Group Ratings Report.

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