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

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

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 payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of TGLS stock opened at $42.26 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $42.82 and a 200 day moving average price of $46.99. The company has a market cap of $1.88 billion, a P/E ratio of 13.08, a PEG ratio of 0.72 and a beta of 1.42. Tecnoglass has a 12 month low of $37.52 and a 12 month high of $89.26.

Tecnoglass (NYSE:TGLS) last issued its earnings results on Friday, May 8th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $249.01 million during the quarter, compared to the consensus estimate of $243.00 million. Tecnoglass had a net margin of 14.77% and a return on equity of 21.51%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Sell-side analysts predict that Tecnoglass will post 2.73 earnings per share for the current fiscal year.

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.