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

Tecnoglass Inc. (NYSE:TGLS) declared a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.15 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 30th.

Tecnoglass has increased its dividend payment by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Tecnoglass has a payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Tecnoglass to earn $3.49 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 17.2%.

Tecnoglass Stock Performance

NYSE TGLS opened at $38.26 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.17 and a debt-to-equity ratio of 0.28. Tecnoglass has a 52 week low of $37.35 and a 52 week high of $73.95. The firm has a 50 day moving average of $42.81 and a two-hundred day moving average of $43.36.

Tecnoglass (NYSE:TGLS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The business had revenue of $295.29 million for the quarter. Tecnoglass had a net margin of 12.35% and a return on equity of 17.84%. Tecnoglass’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. Sell-side analysts predict that Tecnoglass will post 2.58 earnings per share for the current fiscal 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.