Ternium S.A. (NYSE:TX) Announces Semi-annual Dividend of $1.80

Ternium S.A. (NYSE:TX) declared a semi-annual dividend on Wednesday, February 19th,Wall Street Journal reports. Investors of record on Friday, May 9th will be given a dividend of 1.80 per share by the basic materials company on Wednesday, May 14th. This represents a dividend yield of 10.3%. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Ternium’s previous semi-annual dividend of $0.09.

Ternium has raised its dividend by an average of 2.3% per year over the last three years. Ternium has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Ternium to earn $6.05 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 29.8%.

Ternium Stock Performance

NYSE TX opened at $30.10 on Thursday. The company has a fifty day moving average of $29.53 and a two-hundred day moving average of $32.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.67 and a current ratio of 2.92. Ternium has a 1 year low of $28.00 and a 1 year high of $44.44.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($1.39). The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Ternium had a negative net margin of 0.31% and a positive return on equity of 1.80%. On average, equities analysts anticipate that Ternium will post 4.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Ternium from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com downgraded Ternium from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.