Tecnoglass Inc. Plans Quarterly Dividend of $0.15 (NYSE:TGLS)

Tecnoglass Inc. (NYSE:TGLS) announced a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 30th will be given a dividend of 0.15 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, September 30th.

Tecnoglass has raised its dividend payment by an average of 0.4%per year over the last three years and has increased 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 analysts expect Tecnoglass to earn $3.49 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 17.2%.

Tecnoglass Trading Down 3.6%

Tecnoglass stock traded down $1.43 during mid-day trading on Thursday, hitting $38.26. 455,864 shares of the company’s stock were exchanged, compared to its average volume of 351,438. The firm has a market capitalization of $1.70 billion and a P/E ratio of 13.47. Tecnoglass has a fifty-two week low of $37.35 and a fifty-two week high of $73.95. The company has a quick ratio of 1.17, a current ratio of 1.86 and a debt-to-equity ratio of 0.28. The company’s 50 day simple moving average is $42.96 and its 200-day simple moving average is $43.45.

Tecnoglass (NYSE:TGLS) last released its earnings results on Thursday, August 6th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $295.29 million for the quarter. Tecnoglass had a return on equity of 17.84% and a net margin of 12.35%.The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, equities analysts anticipate that Tecnoglass will post 2.58 earnings per share for the current year.

About Tecnoglass

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.