Tredegar Corporation (NYSE:TG) declared a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.11 per share by the basic materials company on Sunday, October 1st. This represents a $0.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, September 14th.
Tredegar Corporation has raised its dividend payment by an average of 17.7% per year over the last three years and has raised its dividend every year for the last 5 years.
Tredegar Corporation (NYSE TG) opened at 16.95 on Wednesday. Tredegar Corporation has a 12-month low of $14.65 and a 12-month high of $25.60. The firm has a 50-day moving average of $16.48 and a 200-day moving average of $16.34. The stock has a market capitalization of $558.67 million, a price-to-earnings ratio of 9.05 and a beta of 1.74.
TG has been the subject of several recent research reports. TheStreet raised Tredegar Corporation from a “c+” rating to a “b-” rating in a research report on Friday, August 25th. BidaskClub raised Tredegar Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th.
About Tredegar Corporation
Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.
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