Vector Group Stock To Go Ex-dividend Tomorrow (VGR)
The ex-dividend date for Vector Group (NYSE:VGR) is tomorrow, September 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 $19.05 as of 9:30 a.m., the dividend yield is 8.5%.
NEW YORK ( TheStreet) -- The ex-dividend date for Vector Group (NYSE: VGR) is tomorrow, September 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 $19.05 as of 9:30 a.m. ET, the dividend yield is 8.5%. The average volume for Vector Group has been 356,700 shares per day over the past 30 days. Vector Group has a market cap of $1.4 billion and is part of the consumer goods sector and tobacco industry. Shares are up 8.9% year to date as of the close of trading on Wednesday. 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 19.5, below the average tobacco industry P/E ratio of 20.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Vector Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Vector Group Ratings Report. See our dividend calendar or top-yielding stocks list.