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

Tredegar Co. (NYSE:TG) announced a quarterly dividend on Thursday, August 5th, Zacks reports. Investors of record on Friday, September 17th will be given a dividend of 0.12 per share by the basic materials company on Friday, October 1st. This represents a $0.48 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Thursday, September 16th.

Tredegar has raised its dividend payment by 9.1% over the last three years.

NYSE TG opened at $12.42 on Wednesday. The business has a 50 day simple moving average of $12.87 and a 200 day simple moving average of $14.47. Tredegar has a 52-week low of $12.28 and a 52-week high of $23.71. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.89 and a current ratio of 1.43. The stock has a market cap of $418.89 million, a price-to-earnings ratio of -12.06 and a beta of 0.97.

Tredegar (NYSE:TG) last issued its quarterly earnings results on Friday, August 6th. The basic materials company reported $0.48 earnings per share for the quarter. The company had revenue of $219.25 million during the quarter. Tredegar had a negative net margin of 4.39% and a positive return on equity of 29.89%.

An institutional investor recently raised its position in Tredegar stock. Morgan Stanley increased its stake in Tredegar Co. (NYSE:TG) by 114.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,841 shares of the basic materials company’s stock after purchasing an additional 92,789 shares during the period. Morgan Stanley owned approximately 0.52% of Tredegar worth $2,394,000 as of its most recent filing with the SEC. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Tredegar Company Profile

Tredegar Corp. engages in the manufacture of polyethylene plastic films, polyester films, and aluminum extrusions. It operates through following segments: PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics, and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.

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Dividend History for Tredegar (NYSE:TG)

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