Tecnoglass Inc. (TGLS) to Issue Quarterly Dividend of $0.15 on April 30th

Tecnoglass Inc. (NASDAQ:TGLS) announced a quarterly dividend on Wednesday, March 12th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.15 per share on Wednesday, April 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, March 31st.

Tecnoglass has increased its dividend by an average of 48.2% annually over the last three years. Tecnoglass has a payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tecnoglass to earn $4.18 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 14.4%.

Tecnoglass Price Performance

TGLS stock opened at $70.76 on Friday. The firm has a market cap of $3.33 billion, a P/E ratio of 22.11 and a beta of 1.94. The firm’s fifty day moving average is $73.84 and its 200 day moving average is $74.51. Tecnoglass has a 52 week low of $40.94 and a 52 week high of $86.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Tecnoglass in a research report on Saturday, December 14th. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tecnoglass presently has an average rating of “Hold” and an average target price of $77.40.

About Tecnoglass

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.