Tredegar Co. (TG) To Go Ex-Dividend on September 15th

Tredegar Co. (NYSE:TGGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Friday, September 16th will be paid a dividend of 0.13 per share by the basic materials company on Saturday, October 1st. This represents a $0.52 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Thursday, September 15th. This is an increase from Tredegar’s previous quarterly dividend of $0.12.

Tredegar Trading Up 1.0 %

Shares of NYSE:TG traded up $0.10 during trading hours on Friday, hitting $10.35. 74,606 shares of the company’s stock traded hands, compared to its average volume of 103,271. Tredegar has a 1 year low of $9.69 and a 1 year high of $13.47. The business has a fifty day moving average price of $10.72 and a 200-day moving average price of $11.42. The firm has a market capitalization of $350.35 million, a P/E ratio of 5.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.60 and a quick ratio of 1.00.

Tredegar (NYSE:TGGet Rating) last issued its quarterly earnings data on Monday, May 9th. The basic materials company reported $0.50 EPS for the quarter. The company had revenue of $236.30 million during the quarter. Tredegar had a net margin of 7.36% and a return on equity of 27.02%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Tredegar from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Institutional Investors Weigh In On Tredegar

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. boosted its holdings in Tredegar by 9.4% during the first quarter. Citigroup Inc. now owns 22,624 shares of the basic materials company’s stock worth $271,000 after buying an additional 1,942 shares in the last quarter. Captrust Financial Advisors increased its position in Tredegar by 111.0% during the first quarter. Captrust Financial Advisors now owns 3,977 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,092 shares during the last quarter. Rhumbline Advisers increased its position in Tredegar by 3.7% during the first quarter. Rhumbline Advisers now owns 72,819 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 2,592 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Tredegar by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,108 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 2,726 shares during the last quarter. Finally, Swiss National Bank increased its position in Tredegar by 8.1% during the first quarter. Swiss National Bank now owns 63,900 shares of the basic materials company’s stock worth $766,000 after purchasing an additional 4,800 shares during the last quarter. 61.58% of the stock is currently owned by institutional investors and hedge funds.

Tredegar Company Profile

(Get Rating)

Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, polyethylene (PE) films, and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft-alloy and medium-strength custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and fabricated aluminum extrusions to fabricators and distributors.

See Also

Dividend History for Tredegar (NYSE:TG)

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