Tecnoglass Inc. (TGLS) Plans Dividend of $0.14

Tecnoglass Inc. (NASDAQ:TGLS) declared a dividend on Tuesday, August 29th, Fidelity reports. Investors of record on Friday, September 29th will be given a dividend of 0.14 per share on Friday, October 27th. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Tecnoglass’s previous dividend of $0.13.

Tecnoglass (TGLS) traded up 0.99% during trading on Friday, reaching $7.12. The company had a trading volume of 15,625 shares. The stock’s market capitalization is $240.86 million. The firm has a 50-day moving average of $7.19 and a 200-day moving average of $9.35. Tecnoglass has a 1-year low of $5.50 and a 1-year high of $12.70.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings data on Friday, August 11th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.09). Tecnoglass had a negative net margin of 2.45% and a positive return on equity of 16.94%. The business had revenue of $80.98 million during the quarter, compared to analysts’ expectations of $84.63 million. On average, analysts anticipate that Tecnoglass will post $0.41 EPS for the current fiscal year.

An institutional investor recently raised its position in Tecnoglass stock. Northern Trust Corp raised its holdings in Tecnoglass Inc. (NASDAQ:TGLS) by 15.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,006 shares of the company’s stock after purchasing an additional 4,588 shares during the quarter. Northern Trust Corp owned 0.10% of Tecnoglass worth $317,000 as of its most recent filing with the Securities and Exchange Commission. 3.83% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Tecnoglass from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub raised Tecnoglass from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Dougherty & Co lowered Tecnoglass from a “buy” rating to a “neutral” rating in a report on Tuesday, August 15th.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

Dividend History for Tecnoglass (NASDAQ:TGLS)

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