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

Tecnoglass Inc. (NYSE:TGLS) declared a quarterly dividend on Wednesday, March 18th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.15 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, March 31st.

Tecnoglass has raised its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Tecnoglass has a dividend payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings.

Tecnoglass Stock Performance

NYSE:TGLS traded down $1.45 during trading hours on Wednesday, reaching $43.51. The stock had a trading volume of 639,675 shares, compared to its average volume of 415,267. The stock has a market cap of $1.95 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.55 and a beta of 1.72. The stock has a 50 day simple moving average of $49.46 and a 200 day simple moving average of $55.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 1.86. Tecnoglass has a 12-month low of $40.09 and a 12-month high of $90.34.

Tecnoglass (NYSE:TGLS) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.21). Tecnoglass had a net margin of 16.22% and a return on equity of 23.05%. The firm had revenue of $245.30 million for the quarter. During the same quarter in the previous year, the company earned $1.05 earnings per share. Tecnoglass’s revenue was up 3.0% on a year-over-year basis.

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.