Tredegar Co. (NYSE:TG) Increases Dividend to $0.12 Per Share

Tredegar Co. (NYSE:TG) announced a quarterly dividend on Friday, August 2nd, Zacks reports. Investors of record on Friday, September 13th will be paid a dividend of 0.12 per share by the basic materials company on Tuesday, October 1st. This represents a $0.48 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Tredegar’s previous quarterly dividend of $0.11.

Tredegar has increased its dividend by an average of 3.2% annually over the last three years.

Tredegar stock traded up $0.18 during midday trading on Tuesday, hitting $18.18. 529 shares of the company’s stock were exchanged, compared to its average volume of 69,724. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.67. The stock has a market cap of $594.35 million, a price-to-earnings ratio of 14.14 and a beta of 1.01. Tredegar has a 12-month low of $14.85 and a 12-month high of $23.25. The firm’s 50 day simple moving average is $17.16 and its 200 day simple moving average is $16.99.

Tredegar (NYSE:TG) last announced its earnings results on Thursday, August 8th. The basic materials company reported $0.35 earnings per share for the quarter. Tredegar had a net margin of 2.53% and a return on equity of 11.55%. The business had revenue of $248.25 million during the quarter.

Tredegar Company Profile

Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiSoft, AquiDry, and AquiDry Plus brands.

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Dividend History for Tredegar (NYSE:TG)

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