NEW YORK ( TheStreet) -- The ex-dividend date for Vector Group (NYSE: VGR) is tomorrow, December 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $17.90 as of 9:30 a.m. ET, the dividend yield is 9%.

The average volume for Vector Group has been 426,000 shares per day over the past 30 days. Vector Group has a market cap of $1.41 billion and is part of the consumer goods sector and tobacco industry. Shares are up 3.8% year to date as of the close of trading on Friday.

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 18.1, below the average tobacco industry P/E ratio of 18.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Vector Group as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Vector Group Ratings Report.

See our dividend calendar or top-yielding stocks list.
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