Tecnoglass Inc. (TGLS) to Distribute Quarterly Dividend of $0.15 on October 30th

Tecnoglass Inc. (NYSE:TGLS) announced a quarterly dividend on Wednesday, September 9th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.15 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend 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 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. 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 Price Performance

Tecnoglass stock opened at $38.26 on Friday. The stock’s 50 day moving average price is $42.81 and its 200 day moving average price is $43.36. Tecnoglass has a 1-year low of $37.35 and a 1-year high of $73.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.17 and a current ratio of 1.86.

Tecnoglass (NYSE:TGLS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. Tecnoglass had a return on equity of 17.84% and a net margin of 12.35%.The business had revenue of $295.29 million for the quarter. During the same quarter in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 15.6% compared to the same quarter last year. Equities analysts anticipate that Tecnoglass will post 2.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC increased its stake in shares of Tecnoglass by 263.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 76,300 shares of the company’s stock valued at $3,839,000 after acquiring an additional 55,300 shares during the period. Fourth Sail Capital LP purchased a new position in Tecnoglass in the 4th quarter worth about $17,461,000. CenterBook Partners LP increased its position in shares of Tecnoglass by 64.2% in the fourth quarter. CenterBook Partners LP now owns 130,761 shares of the company’s stock worth $6,580,000 after acquiring an additional 51,145 shares in the last quarter. Weiss Asset Management LP purchased a new position in Tecnoglass during the 1st quarter worth approximately $1,656,000. Finally, Connors Investor Services Inc. purchased a new position in shares of Tecnoglass during the fourth quarter valued at $2,074,000. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Company Profile

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.