Tecnoglass Inc. (NYSE:TGLS) Announces Quarterly Dividend of $0.15

Tecnoglass Inc. (NYSE:TGLS) announced a quarterly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.15 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 30th.

Tecnoglass has increased its dividend payment by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 4 years. Tecnoglass has a payout ratio of 9.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tecnoglass to earn $3.61 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 12.5%.

Tecnoglass Stock Down 3.1%

TGLS stock opened at $42.26 on Thursday. The firm has a market cap of $1.88 billion, a PE ratio of 13.08, a PEG ratio of 0.72 and a beta of 1.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 1.77. The firm’s 50 day moving average price is $42.82 and its 200-day moving average price is $46.99. Tecnoglass has a one year low of $37.52 and a one year high of $89.26.

Tecnoglass (NYSE:TGLS) last released its quarterly earnings results on Friday, May 8th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $249.01 million for the quarter, compared to analyst estimates of $243.00 million. Tecnoglass had a net margin of 14.77% and a return on equity of 21.51%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. On average, equities research analysts anticipate that Tecnoglass will post 2.73 EPS for the current year.

About Tecnoglass

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.