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Vector Group Ltd. Message Board

fmottg 4 posts  |  Last Activity: Oct 30, 2014 1:08 PM Member since: Jan 21, 1999
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  • Reply to

    Earnings tomorrow

    by notsoobviousman1 Oct 29, 2014 12:17 PM
    fmottg fmottg Oct 30, 2014 1:08 PM Flag

    Anyone catch the conference call this morning. 14 cents profit, usual, as bbtandi predicted. market giving a non-reaction. Any comments from the call?

  • Reply to

    tax question for the board

    by wyotrader Oct 28, 2014 12:53 PM
    fmottg fmottg Oct 29, 2014 10:25 AM Flag

    After 10 years of VGR doing this (really more). I have my entire return prepared, and just have the CPA wait for the final 1099, which arrives electronically the first week of October each year (from Fidelity). I knew it was going to be 27% from the VGR web site in September. The amount is usually about 30% of the original qualified dividends, (but you can't plan on that, so I pay the tax). It just increases the amount I apply to the next year. I, along with everyone else wonders why this can't be done earlier in the year, as their Fiscal year is the Calendar year.......even with an audit, it seems October is a stretch to being putting out adjustments for the prior year.) Regardless, I love those divi's (taxable and not currently taxable!)

  • Reply to

    A great investment

    by purpletrader44 Oct 2, 2014 3:58 PM
    fmottg fmottg Oct 3, 2014 6:19 PM Flag

    Stock has had a 40 cents per quarter dividend since September 1999 ($1.60/yr). The 21 for 20 stock split was also instituted in September 1999 after the Tabaco settlement agreement came down. VGR has virtually a guaranteed income stream from the settlement. Now add the real estate play with this company, and you have a gold mine! Best to all, keep this stock! I've been around this stock since 1995, and not until recently have I ever taken any cash out, now its a big income stream from just the annual dividend.

    Sentiment: Hold

  • Reply to

    Did everyone get their September 7.5% dividend ?

    by elvisprty Sep 30, 2014 10:41 AM
    fmottg fmottg Sep 30, 2014 12:54 PM Flag

    Hey bbandi, how many years have we explained this! (since 1997 I think).
    Right now about a 7.2% dividend ($1.60 on $22 stock)
    The stock dividend is ZERO right now. The price goes down 5% the day of the stock dividend (it's a form of a stock split 21 for 20).
    Going forward, you will pick up 5% more dividends quarterly, so if the stock doesn't move (just theoretically), you would have a 7.6% dividend on your pre-dividend position. Not too shabby in market. If the stock goes up, like this year, it's just bonus miles!

    Sentiment: Hold

VGR
21.38+0.020(+0.09%)Dec 24 1:03 PMEST

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