Ternium S.A. (TX) to Issue Dividend of $0.90 on May 15th

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

Ternium has raised its dividend 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

NYSE TX opened at $43.46 on Friday. The business’s 50 day moving average price is $41.23 and its 200-day moving average price is $37.20. Ternium has a fifty-two week low of $24.00 and a fifty-two week high of $45.57. The company has a market cap of $8.71 billion, a P/E ratio of 20.12 and a beta of 1.34. 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 posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.15). Ternium had a return on equity of 3.05% and a net margin of 2.72%.The firm had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the firm earned ($0.42) earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. Sell-side analysts predict that Ternium will post 4.37 earnings per share for the current 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.