Tredegar Corporation Announces Quarterly Dividend of $0.11 (TG)

Tredegar Corporation (NYSE:TG) announced a quarterly dividend on Wednesday, November 1st, RTT News reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.11 per share by the basic materials company on Monday, January 1st. This represents a $0.44 dividend on an annualized basis and a yield of 2.27%.

Tredegar Corporation has increased its dividend payment by an average of 17.7% per year over the last three years and has increased its dividend every year for the last 5 years.

Tredegar Corporation (NYSE:TG) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.28 earnings per share for the quarter. The company had revenue of $247.16 million during the quarter. Tredegar Corporation had a net margin of 6.73% and a return on equity of 7.69%.

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In other news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.25, for a total value of $27,375.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 12.59% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of Tredegar Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. TheStreet raised shares of Tredegar Corporation from a “c+” rating to a “b-” rating in a research report on Friday, August 25th.

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.

Dividend History for Tredegar Corporation (NYSE:TG)

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