Tecnoglass Inc. (TGLS) To Go Ex-Dividend on December 31st

Tecnoglass Inc. (NASDAQ:TGLS) declared a quarterly dividend on Wednesday, December 10th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.15 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, December 31st.

Tecnoglass has decreased its dividend payment by an average of 0.0%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. Equities research analysts expect Tecnoglass to earn $4.18 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 14.4%.

Tecnoglass Trading Down 0.1%

Shares of NASDAQ TGLS opened at $53.35 on Friday. The stock’s 50 day simple moving average is $54.80 and its 200 day simple moving average is $68.59. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 16.67 and a beta of 1.73. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20. Tecnoglass has a 12-month low of $44.26 and a 12-month high of $90.34.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%.During the same period in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Tecnoglass will post 3.53 EPS for the current year.

About Tecnoglass

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.