- After a more than 17% decline in 2Q20 that was mostly precipitated by the sluggishness of the real estate business, VGR's 2Q21 consolidated sales rose by 64%.
- The tobacco revenues rose modestly, only by 5.4% vs. 2Q20 and ~12% vs. 2Q19, which is rather expectable while real estate literally took off.
- 2022 will likely be a year with stagnant revenues and weaker earnings. That does not pose a major threat to the DPS.
- VGR is not a five-star dividend payer with solid growth potential. Still, its 5.6% yield is appealing, as acceptable-quality high-yield opportunities in the stock market are scarce these days.
For further details see:
Vector Group: High Yield And Acceptable Quality