Turning Point Brands, Inc. has increased its regular quarterly dividend to $0.08 per share, a 6.7% rise from the $0.075 dividend declared in November 2025. The dividend will be payable on April 10, 2026 to shareholders of record as of March 20, 2026.
The dividend hike follows a strong third‑quarter 2025 earnings report in which consolidated net sales grew 31.2% year‑over‑year to $119.0 million, driven largely by a 627.6% surge in Modern Oral sales to $36.7 million. Adjusted EBITDA rose 17.2% to $31.3 million, prompting the company to lift its full‑year 2025 Adjusted EBITDA guidance to $115 million–$120 million and its Modern Oral sales guidance to $125 million–$130 million.
"Our consolidated third quarter results were better than expected and demonstrated continued progress against our plan. Revenue increased 31% to $119 million for the quarter, including $36.7 million net Modern Oral revenue, which includes $1.5 million of slotting fees that are accounted for as contra revenue," said Graham Purdy, CEO. "Sales were up 31% year over year to $119 million for the quarter. For the quarter, gross margin was 59.2%, which was up 360 basis points year over year and 210 basis points sequentially. The change in margin is mix driven, primarily related to our outsized growth in Modern Oral," added Andrew Flynn, CFO.
The dividend increase is part of a broader capital‑raising strategy. Turning Point Brands announced a $100 million at‑the‑market (ATM) offering in December 2024 and subsequently raised $97.5 million of net proceeds under an ATM program in the third quarter of 2025, ending September 30, 2025. The capital is earmarked to accelerate growth in the Modern Oral business.
By raising the dividend, Turning Point Brands signals confidence in its cash‑flow generation while continuing to invest heavily in its high‑growth nicotine‑pouch segment. The move balances shareholder return with strategic investment, reinforcing the company’s commitment to sustainable growth and value creation.
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