But for years they have been keeping that dividend which has a yield of over 9 percent.
Obama smokes Pyramids that is why the stock is doing so well and continues to pay a handsome dividend.
Over the years I've owned VGR the two most common comments have been:
1. The dividend is not sustainable and will be cut.
2. VGR will be bought up.
I have no control over either, so I just collect the money and dream about a big premium buy out.
I don not think VGR EVER earned enough money to pay the dividend, but they always pay it. They are sort of like the US Government , they keep going into debt in order to KEEP GOING ! So far in both cases , IT WORKS !