Tredegar Corporation (TG) to Issue Quarterly Dividend of $0.11 on January 1st

Tredegar Corporation (NYSE:TG) declared a quarterly dividend on Wednesday, November 1st, RTT News reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.11 per share by the basic materials company on Monday, January 1st. This represents a $0.44 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, December 14th.

Tredegar has increased its dividend by an average of 17.7% annually over the last three years and has raised its dividend every year for the last 5 years.

Tredegar (TG) opened at $18.85 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. Tredegar has a twelve month low of $14.65 and a twelve month high of $25.60. The stock has a market cap of $624.21, a PE ratio of 23.33 and a beta of 1.75.

Tredegar (NYSE:TG) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $0.28 earnings per share (EPS) for the quarter. Tredegar had a net margin of 6.06% and a return on equity of 7.96%. The firm had revenue of $247.16 million for the quarter.

Separately, TheStreet raised Tredegar from a “c+” rating to a “b-” rating in a report on Friday, August 25th.

In other news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of Tredegar stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.25, for a total transaction of $27,375.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have bought 38,000 shares of company stock worth $5,700. Corporate insiders own 12.59% of the company’s stock.

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Tredegar 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.

Dividend History for Tredegar (NYSE:TG)

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