Tredegar Board Declares Quarterly Dividend

Rhea-AI Summary

The board of directors of Tredegar Corporation (TG) has announced a quarterly dividend of $0.12 per share on its common stock. This dividend will be payable on July 1, 2021 to shareholders on record as of the close of business on June 18, 2021.

Tredegar operates in three main sectors: custom aluminum extrusions, surface protection films, and specialized polyester films. In 2020, the company reported sales of $755 million and employs around 2,400 people across manufacturing facilities in North America, South America, and Asia.

Positive

• Declaration of a quarterly dividend of $0.12 per share demonstrates shareholder return strategy.
• Stable revenue with $755 million in sales from continuing operations in 2020.

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 July 1, 2021 to shareholders of record at the close of business on June 18, 2021.

Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use 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 2020 sales from continuing operations of $755 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/20210506006157/en/

FAQ

What is the dividend amount declared by Tredegar Corporation?

The declared dividend amount is $0.12 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on July 1, 2021.

What date is the record for shareholders regarding the dividend?

The record date for shareholders is June 18, 2021.

What were Tredegar Corporation's sales in 2020?

Tredegar reported sales of $755 million from continuing operations in 2020.