Tredegar Corporation (NYSE:TG) announced a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.11 per share by the basic materials company on Sunday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 14th.
Tredegar Corporation has raised its dividend by an average of 17.7% per year over the last three years and has increased its dividend annually for the last 5 consecutive years.
Shares of Tredegar Corporation (NYSE:TG) opened at 16.10 on Wednesday. The stock has a 50 day moving average of $16.23 and a 200 day moving average of $16.45. The firm has a market cap of $530.66 million, a P/E ratio of 8.60 and a beta of 1.74. Tredegar Corporation has a 52 week low of $14.65 and a 52 week high of $25.60.
A number of research analysts recently commented on the company. BidaskClub upgraded Tredegar Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet upgraded Tredegar Corporation from a “c+” rating to a “b-” rating in a research report on Friday, August 25th.
Tredegar Corporation Company Profile
Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are 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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