Tredegar Increases Quarterly Dividend 16.7%

Plastic film and aluminum parts maker Tredegar (NYSE: TG  ) is raising its quarterly dividend to $0.07 per share. This will raise the payout by $0.04 per share on an annualized basis and represents a dividend yield of 1.14%. 

The dividend is payable on April 1 to shareholders of record at the close of business on March 15.

It marks the third time in three years Tredegar has raised its dividend, said Tredegar's president and CEO Nancy M. Taylor. "We are pleased to increase our annual dividend rate by 16.7%, which represents an important element for providing a return to our shareholders."

Last December, the company paid a $0.75-per-share special dividend to shareholders and said at the time it would consider acquisitions, investments in the business, share buybacks, and dividends as ways to increase value for its owners. Tredegar has paid dividends since 1996.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2288000, ~/Articles/ArticleHandler.aspx, 12/22/2014 5:35:16 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement