Tecnoglass Inc. (TGLS) To Go Ex-Dividend on March 31st

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

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

Tecnoglass Stock Performance

NYSE:TGLS opened at $42.55 on Friday. The firm has a market capitalization of $1.90 billion, a PE ratio of 12.44, a PEG ratio of 0.54 and a beta of 1.72. Tecnoglass has a 1 year low of $39.53 and a 1 year high of $90.34. The company has a current ratio of 1.86, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $47.80 and its 200 day simple moving average is $53.49.

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

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.