Tecnoglass Inc (NASDAQ:TGLS) Announces $0.03 Quarterly Dividend

Tecnoglass Inc (NASDAQ:TGLS) declared a quarterly dividend on Monday, September 14th, Zacks reports. Investors of record on Wednesday, September 30th will be given a dividend of 0.027 per share on Friday, October 30th. This represents a $0.11 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, September 29th.

Tecnoglass has increased its dividend payment by 124.0% over the last three years and has increased its dividend every year for the last 1 years.

TGLS stock traded down $0.05 during midday trading on Wednesday, reaching $5.07. 5 shares of the company traded hands, compared to its average volume of 63,329. The firm has a market capitalization of $236.12 million, a price-to-earnings ratio of 34.14, a P/E/G ratio of 0.50 and a beta of 1.45. Tecnoglass has a 52-week low of $2.15 and a 52-week high of $8.93. The business has a 50 day moving average of $5.36 and a 200-day moving average of $4.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.85 and a current ratio of 2.51.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Thursday, August 6th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.07. The firm had revenue of $81.94 million for the quarter, compared to the consensus estimate of $90.21 million. Tecnoglass had a return on equity of 17.80% and a net margin of 1.89%. Research analysts anticipate that Tecnoglass will post 0.52 earnings per share for the current year.

Several equities research analysts have recently issued reports on TGLS shares. ValuEngine lowered shares of Tecnoglass from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research report on Thursday, August 13th. Raymond James boosted their target price on Tecnoglass from $6.00 to $7.00 and gave the company a “strong-buy” rating in a research report on Friday, August 7th. Finally, BidaskClub cut Tecnoglass from a “buy” rating to a “hold” rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Tecnoglass currently has a consensus rating of “Hold” and an average price target of $5.92.

About Tecnoglass

Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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Dividend History for Tecnoglass (NASDAQ:TGLS)

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