Tredegar Co. (NYSE:TG) announced a quarterly dividend on Thursday, August 6th, Zacks reports. Shareholders of record on Friday, September 18th will be paid a dividend of 0.12 per share by the basic materials company on Thursday, October 1st. This represents a $0.48 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 17th.
Tredegar has raised its dividend by 4.6% over the last three years and has raised its dividend annually for the last 1 consecutive years.
Tredegar stock opened at $16.39 on Tuesday. Tredegar has a twelve month low of $11.31 and a twelve month high of $23.48. The stock’s fifty day simple moving average is $17.33 and its 200-day simple moving average is $15.84. The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $549.34 million, a P/E ratio of 204.90 and a beta of 0.98.
Tredegar (NYSE:TG) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $0.42 earnings per share for the quarter. Tredegar had a return on equity of 12.02% and a net margin of 0.31%. The business had revenue of $218.64 million for the quarter.
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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