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Jump to full article: Bloomberg News, 1999-09-13
Intro: Brooke Group Ltd., owner of the No. 5 U.S. tobacco company, more than tripled its quarterly cash dividend and said it will begin paying a 5 percent annual stock dividend after a turnaround in cigarette operations.
Miami-based Brooke said it boosted its quarterly dividend to 25 cents a share from 7.5 cents because of improved performance and better prospects at its Liggett Group and Liggett-Ducat Ltd. units . . Following settlement of smoking-related litigation, Liggett's operating margins have improved in tandem with more revenue from price increases.
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