Tecnoglass Inc. (TGLS) to Issue Quarterly Dividend of $0.15 on July 31st

Tecnoglass Inc. (NYSE:TGLS – Get Free Report) declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.15 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, June 30th.

Tecnoglass has increased its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 4 years. Tecnoglass has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tecnoglass to earn $3.61 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 16.6%.

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Tecnoglass Price Performance

Shares of TGLS opened at $44.71 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 0.74 and a beta of 1.42. Tecnoglass has a twelve month low of $37.52 and a twelve month high of $83.32. The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $42.97 and a two-hundred day moving average of $46.63.

Tecnoglass (NYSE:TGLS – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $249.01 million for the quarter, compared to analyst estimates of $243.00 million. Tecnoglass had a return on equity of 21.51% and a net margin of 14.77%.The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. As a group, analysts predict that Tecnoglass will post 2.73 earnings per share for the current fiscal year.

Tecnoglass Company Profile

(Get Free Report)

Tecnoglass, Inc is a vertically integrated designer, manufacturer and distributor of architectural glass, windows and aluminum products for the construction industry. The company’s product portfolio includes tempered, laminated and insulated glass units, high‐performance aluminum windows, curtainwall systems and storefront solutions tailored to commercial, residential and institutional projects.

Established in 1994 as a family‐run enterprise in Barranquilla, Colombia, Tecnoglass has grown through significant investments in automated production lines, research and development, and international quality certifications.

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