Tredegar Co. (TG) Plans Quarterly Dividend of $0.11

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Tredegar Co. (NYSE:TG) announced a quarterly dividend on Friday, November 2nd, RTT News reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.11 per share by the basic materials company on Tuesday, January 1st. This represents a $0.44 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, December 13th.

Tredegar has raised its dividend by an average of 10.1% per year over the last three years.

TG stock opened at $15.97 on Friday. Tredegar has a 52-week low of $15.35 and a 52-week high of $26.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.02 and a current ratio of 1.55. The firm has a market cap of $550.06 million, a PE ratio of 13.82 and a beta of 1.26.

Tredegar (NYSE:TG) last posted its quarterly earnings data on Thursday, November 8th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. Tredegar had a positive return on equity of 11.22% and a negative net margin of 1.86%. The business had revenue of $264.74 million for the quarter.

Several equities research analysts have recently issued reports on the company. TheStreet cut Tredegar from a “b-” rating to a “c-” rating in a report on Thursday, November 15th. ValuEngine cut Tredegar from a “hold” rating to a “sell” rating in a report on Saturday, November 10th.

In other Tredegar news, VP Michael Jay Schewel acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were acquired at an average price of $15.95 per share, for a total transaction of $79,750.00. Following the completion of the acquisition, the vice president now directly owns 21,933 shares of the company’s stock, valued at $349,831.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.59% of the stock is owned by company insiders.

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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 AquiDry and AquiDry Plus brands.

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Dividend History for Tredegar (NYSE:TG)

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