Tecnoglass Inc. to Issue Quarterly Dividend of $0.15 (NASDAQ:TGLS)

Tecnoglass Inc. (NASDAQ:TGLS) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.15 per share on Wednesday, April 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.89%.

Tecnoglass has raised its dividend payment by an average of 48.2% per year over the last three years. Tecnoglass has a dividend payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tecnoglass to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.4%.

Tecnoglass Trading Up 4.5 %

Shares of Tecnoglass stock opened at $67.62 on Thursday. The company’s fifty day simple moving average is $75.57 and its 200-day simple moving average is $73.79. The stock has a market capitalization of $3.18 billion, a PE ratio of 21.13 and a beta of 1.94. Tecnoglass has a 1-year low of $40.94 and a 1-year high of $86.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Tecnoglass in a report on Saturday, December 14th. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.40.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.