Company description

Vector Group Ltd. (VGR) is a diversified holding company primarily engaged in the manufacturing and sale of cigarettes and the production and sale of real estate in the United States. With a history dating back to 1873, the company has established itself as a leader in the tobacco industry with its flagship brand, Liggett Select, which has a loyal customer base. In recent years, Vector Group has also expanded its portfolio to include real estate through its subsidiary, Douglas Elliman Realty, a large full-service real estate brokerage firm. This diversification has proven to be successful for the company, as it continues to see strong financial performance and has consistently paid quarterly dividends to its shareholders. Furthermore, Vector Group is committed to responsible and sustainable business practices, with a focus on reducing the harmful effects of tobacco on consumers and the environment. Despite the decline in smoking rates in the US, Vector Group has managed to maintain its market share and remains a formidable player in the tobacco industry. With its solid financial position, commitment to diversification, and emphasis on sustainability, Vector Group is poised for continued success in the future.