Grants Stockholders Additional 5% Stock Dividend
MIAMI--(BUSINESS WIRE)--Aug. 29, 2018--
Vector Group Ltd. (NYSE:VGR) today announced that it has declared a
regular quarterly cash dividend on its common stock of $0.40 per share.
Additionally, the Company declared its regular annual stock dividend of
5% for the 20th consecutive year. Both the quarterly cash and the annual
stock dividends are payable on September 27, 2018 to holders of record
as of September 18, 2018.
Vector Group is a holding company that indirectly owns Liggett Group LLC
and Vector Tobacco Inc. and directly owns New Valley LLC, which owns a
controlling interest in Douglas Elliman Realty, LLC. Additional
information concerning the company is available on the Company's
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Source: Vector Group Ltd.
Sard Verbinnen & Co