Ternium S.A. (NYSE:TX) announced an annual dividend on Thursday, April 15th, Wall Street Journal reports. Investors of record on Thursday, May 6th will be given a dividend of 2.10 per share by the basic materials company on Friday, May 14th. This represents a dividend yield of 5.46%. The ex-dividend date is Wednesday, May 5th. This is a positive change from Ternium’s previous annual dividend of $1.20.
Ternium has a dividend payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Ternium to earn $5.17 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 40.6%.
NYSE TX opened at $40.09 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 2.60. The firm has a 50-day simple moving average of $38.51 and a 200 day simple moving average of $30.72. Ternium has a twelve month low of $12.28 and a twelve month high of $41.98. The stock has a market cap of $8.04 billion, a PE ratio of 32.33, a PEG ratio of 0.80 and a beta of 1.36.
TX has been the subject of a number of analyst reports. Bradesco Corretora upgraded shares of Ternium from a “neutral” rating to an “outperform” rating and set a $39.00 price target for the company in a research note on Thursday, January 21st. Zacks Investment Research upgraded shares of Ternium from a “hold” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Tuesday, March 2nd. TheStreet upgraded shares of Ternium from a “c+” rating to a “b-” rating in a research note on Tuesday, March 2nd. Finally, Credit Suisse Group upgraded shares of Ternium from a “neutral” rating to an “outperform” rating and set a $41.50 price target for the company in a research note on Monday, January 11th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $31.83.
Ternium Company Profile
Ternium SA, through its subsidiaries, manufactures and processes various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.
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