Tredegar Co. (NYSE:TG) Declares Quarterly Dividend of $0.11
Tredegar Co. (NYSE:TG) announced a quarterly dividend on Thursday, May 2nd, RTT News reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.11 per share by the basic materials company on Monday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, June 13th.
Tredegar has raised its dividend by an average of 3.2% annually over the last three years.
Shares of NYSE TG opened at $16.25 on Wednesday. The firm has a market cap of $542.80 million, a price-to-earnings ratio of 12.98 and a beta of 1.10. Tredegar has a one year low of $14.85 and a one year high of $26.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.88.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of Tredegar from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. TheStreet upgraded shares of Tredegar from a “c-” rating to a “b-” rating in a research report on Friday, March 22nd.
Tredegar Company Profile
Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiSoft, AquiDry, and AquiDry Plus brands.
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