Ternium S.A. (NYSE:TX) Plans Dividend of $0.90

Ternium S.A. (NYSE:TX) announced a dividend on Wednesday, February 18th. Investors of record on Thursday, May 14th will be given a dividend of 0.90 per share by the basic materials company on Friday, May 15th. This represents a yield of 413.0%. The ex-dividend date is Thursday, May 14th.

Ternium has raised its dividend payment by an average of 0.2%annually over the last three years. Ternium has a payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ternium to earn $6.05 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 29.8%.

Ternium Stock Performance

Shares of Ternium stock opened at $43.57 on Thursday. The firm has a market cap of $8.74 billion, a PE ratio of 14.67 and a beta of 1.34. Ternium has a 1 year low of $24.00 and a 1 year high of $45.57. The firm’s 50-day simple moving average is $41.13 and its 200-day simple moving average is $37.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 2.46.

Ternium (NYSE:TX) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.15). Ternium had a net margin of 3.72% and a return on equity of 1.89%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the company earned ($0.42) EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts forecast that Ternium will post 4.37 earnings per share for the current fiscal year.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot‐rolled and cold‐rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.