Tredegar Board Declares Dividend

Rhea-AI Summary

Tredegar Corporation (NYSE:TG) announced a quarterly dividend of $0.12 per share, payable on January 1, 2021, to shareholders recorded by the close of business on December 11, 2021. The company operates in three primary sectors: custom aluminum extrusions, surface protection films for electronics, and specialized polyester films for flexible packaging in Latin America. In 2019, it reported sales of $826 million with a workforce of 2,400 spread across manufacturing facilities in North America, South America, and Asia.

Positive

• Declaration of a quarterly dividend, signaling company confidence.
• 2019 sales of $826 million indicate stable revenue performance.

Negative

• None.

The board of directors of Tredegar Corporation (NYSE:TG) declared a quarterly dividend of twelve cents ($0.12) per share on the company’s common stock. The dividend is payable on January 1, 2021 to shareholders of record at the close of business on December 11, 2021.

Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building and construction, automotive and specialty markets; surface protection films for high technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2019 sales from continuing operations of $826 million. With approximately 2,400 employees, the Company operates manufacturing facilities in North America, South America and Asia.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210225006207/en/

FAQ

What is the dividend amount declared by Tredegar Corporation?

Tredegar Corporation declared a quarterly dividend of $0.12 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on January 1, 2021.

What is the record date for Tredegar Corporation's dividend?

Shareholders must be on record by the close of business on December 11, 2021, to receive the dividend.

What were Tredegar Corporation's 2019 sales figures?

Tredegar Corporation reported sales of $826 million from continuing operations in 2019.