Tredegar Co. (NYSE:TG) Plans Quarterly Dividend of $0.13

Tredegar Co. (NYSE:TGGet Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Friday, September 16th will be given a dividend of 0.13 per share by the basic materials company on Saturday, October 1st. This represents a $0.52 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Thursday, September 15th. This is an increase from Tredegar’s previous quarterly dividend of $0.12.

Tredegar Stock Up 1.0 %

Shares of NYSE TG traded up $0.10 during trading hours on Friday, hitting $10.35. The company had a trading volume of 74,606 shares, compared to its average volume of 103,271. The stock has a market capitalization of $350.35 million, a P/E ratio of 5.34 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 0.62. Tredegar has a 1-year low of $9.69 and a 1-year high of $13.47. The firm’s 50 day moving average is $10.72 and its 200-day moving average is $11.42.

Tredegar (NYSE:TGGet Rating) last announced its quarterly earnings results on Monday, May 9th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $236.30 million during the quarter. Tredegar had a return on equity of 27.02% and a net margin of 7.36%.

Analyst Ratings Changes

Separately, StockNews.com cut Tredegar from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Institutional Investors Weigh In On Tredegar

A number of hedge funds have recently added to or reduced their stakes in TG. Captrust Financial Advisors increased its holdings in Tredegar by 111.0% in the first quarter. Captrust Financial Advisors now owns 3,977 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 2,092 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Tredegar by 64.1% during the first quarter. MetLife Investment Management LLC now owns 12,857 shares of the basic materials company’s stock valued at $154,000 after acquiring an additional 5,022 shares in the last quarter. Zebra Capital Management LLC bought a new stake in shares of Tredegar during the first quarter valued at approximately $165,000. Guggenheim Capital LLC increased its holdings in shares of Tredegar by 43.0% during the first quarter. Guggenheim Capital LLC now owns 20,203 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 6,072 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Tredegar by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,108 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 2,726 shares in the last quarter. 61.58% of the stock is currently owned by institutional investors.

About Tredegar

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Tredegar Corporation, through its subsidiaries, manufactures and sells aluminum extrusions, polyethylene (PE) films, and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft-alloy and medium-strength custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and fabricated aluminum extrusions to fabricators and distributors.

See Also

Dividend History for Tredegar (NYSE:TG)

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