Tredegar Co. (NYSE:TG) announced a quarterly dividend on Tuesday, February 20th, RTT News reports. Investors of record on Friday, March 16th will be given a dividend of 0.11 per share by the basic materials company on Sunday, April 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.67%.
Tredegar has increased its dividend by an average of 10.1% per year over the last three years.
Tredegar (TG) traded down $0.35 on Tuesday, hitting $16.45. 58,062 shares of the company were exchanged, compared to its average volume of 55,108. The company has a quick ratio of 1.28, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. Tredegar has a 12 month low of $14.65 and a 12 month high of $22.95. The firm has a market cap of $554.85, a price-to-earnings ratio of 9.43 and a beta of 1.60.
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Tredegar Company Profile
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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