Tredegar Co. (NYSE:TG) Declares $0.12 Quarterly Dividend

Tredegar Co. (NYSE:TG) declared a quarterly dividend on Friday, May 22nd, Wall Street Journal reports. Stockholders of record on Friday, June 19th will be given a dividend of 0.12 per share by the basic materials company on Wednesday, July 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, June 18th.

Tredegar has increased its dividend payment by an average of 2.9% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

TG opened at $14.77 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 1.52. The stock has a market capitalization of $493.61 million, a price-to-earnings ratio of 11.78 and a beta of 1.01. The company has a fifty day moving average of $15.26 and a 200 day moving average of $18.83. Tredegar has a fifty-two week low of $11.31 and a fifty-two week high of $23.48.

Tredegar (NYSE:TG) last released its quarterly earnings data on Monday, March 16th. The basic materials company reported $0.22 EPS for the quarter. The business had revenue of $232.43 million during the quarter. Tredegar had a net margin of 0.64% and a return on equity of 11.07%.

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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