Monday, September 19, 2016

VGR Stock Dividend

If you own shares of Vector Group(VGR) don't be alarmed as the stock did not horrifically fall by a large amount. The company paid its annual 1:20 (5%) stock dividend today, plus it's $0.40/share quarterly dividend. That means the shares were adjusted by $1.55 to reflect payment.  Depending on your broker you should have received actual shares, and it's possible in some cases you were given cash in lieu of shares so check your account.

For the tracking portfolio there are currently 4 shares of VGR.  Adding in the 5% stock dividend gives us 4.2 shares. The shares currently yield 7.3%

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