Tredegar Board Declares Quarterly Dividend

Rhea-AI Summary

The board of directors of Tredegar Corporation (NYSE:TG) has declared a quarterly dividend of $0.13 per share on the company's common stock. The dividend is set to be payable on April 1, 2023, to shareholders of record as of March 24, 2023. Tredegar operates in multiple sectors including custom aluminum extrusions, surface protection films, and specialized polyester films, with reported sales of $826 million in 2021. The company employs approximately 2,300 individuals across its manufacturing facilities in North America, South America, and Asia.

Positive

• Quarterly dividend of $0.13 per share indicates company confidence.
• Business operations across diverse sectors may provide stability.

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- The board of directors of Tredegar Corporation (NYSE:TG) declared a quarterly dividend of thirteen cents ($0.13) per share on the company’s common stock. The dividend is payable on April 1, 2023 to shareholders of record at the close of business on March 24, 2023.

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 2021 sales from continuing operations of $826 million. With approximately 2,300 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/20230309005750/en/

Neill Bellamy

Phone: 804/330-1211

E-mail: neill.bellamy@tredegar.com

Source: Tredegar Corporation

FAQ

What is the dividend amount declared by Tredegar Corporation?

Tredegar Corporation has declared a quarterly dividend of $0.13 per share.

When is the dividend payable for Tredegar Corporation?

The dividend is payable on April 1, 2023.

What is the record date for the Tredegar Corporation dividend?

The record date for the dividend is March 24, 2023.

How much were Tredegar Corporation's sales in 2021?

Tredegar Corporation reported sales of $826 million from continuing operations in 2021.

In which markets does Tredegar Corporation operate?

Tredegar operates in custom aluminum extrusions, surface protection films, and specialized polyester films.