STOCK TITAN

Tecnoglass Announces First Quarter 2022 Cash Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Tecnoglass (NASDAQ: TGLS) has declared a quarterly cash dividend of $0.065 per share for Q1 2022, equating to $0.26 annually. This dividend will be paid on April 29, 2022, to shareholders recorded as of March 31, 2022. As the second largest glass fabricator in the U.S. and the leading glass transformation company in Latin America, Tecnoglass serves over 1,000 global customers.

Positive
  • Quarterly cash dividend of $0.065 per share indicates strong shareholder returns.
  • Annualized dividend yield of $0.26 reflects the company's commitment to returning value to shareholders.
Negative
  • None.

Barranquilla, Colombia, March 16, 2022 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NASDAQ: TGLS) ("Tecnoglass" or the "Company"), a leading manufacturer of architectural glass, windows, and associated aluminum products serving the global residential and commercial end markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.065 per share, or $0.26 per share on an annualized basis, for the first quarter of 2022. The dividend will be paid on April 29, 2022 to shareholders of record as of the close of business on March 31, 2022.

About Tecnoglass

Tecnoglass Inc. is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Located in Barranquilla, Colombia, the Company’s 3.5 million square foot, vertically-integrated and state-of-the-art manufacturing complex provides efficient access to over 1,000 global customers, with the U.S. accounting for more than 90% of revenues. Tecnoglass' tailored, high-end products are found on some of the world's most distinctive properties, including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), Pabellon de Cristal (Barranquilla). For more information, please visit www.tecnoglass.com or view our corporate video at https://vimeo.com/134429998.

Forward Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of Tecnoglass’ business. These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass’ filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Tecnoglass’ financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events and changes in assumptions or otherwise, except as required by law.

Investor Relations:
Santiago Giraldo
Chief Financial Officer
305-503-9062
investorrelations@tecnoglass.com


FAQ

What is the dividend amount declared by Tecnoglass for Q1 2022?

Tecnoglass has declared a quarterly cash dividend of $0.065 per share for Q1 2022.

When will Tecnoglass pay its declared dividend?

The dividend will be paid on April 29, 2022.

What is the record date for Tecnoglass' dividend payment?

The record date for the dividend payment is March 31, 2022.

How much is the annualized dividend for Tecnoglass?

The annualized dividend for Tecnoglass is $0.26 per share.

How does Tecnoglass' dividend impact its shareholders?

The dividend provides a direct return on investment for shareholders, showcasing the company's financial health.

Tecnoglass Inc.

NYSE:TGLS

TGLS Rankings

TGLS Latest News

TGLS Stock Data

3.73B
23.80M
49.36%
46.69%
4.99%
Building Materials
Flat Glass
Link
United States of America
MIAMI