Tecnoglass Announces Fourth Quarter 2022 Cash Dividend
Tecnoglass (NYSE: TGLS), a prominent manufacturer of architectural glass and aluminum products, has announced a quarterly cash dividend of $0.075 per share, translating to $0.30 annually, for Q4 2022. Shareholders on record by December 30, 2022, will receive this dividend on January 31, 2023. The company serves a diverse market, with more than 90% of its revenue originating from the U.S., and maintains a robust production capacity at its 3.8 million square foot facility in Colombia.
- Quarterly cash dividend of $0.075 per share announced, enhancing shareholder returns.
- Annualized dividend of $0.30 indicates financial stability and confidence in future earnings.
- Strong revenue base with over 90% of income generated from U.S. markets.
- None.
Barranquilla, Colombia, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: 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
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 3.8 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
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
CFO
305-503-9062
investorrelations@tecnoglass.com
FAQ
What is the dividend amount announced by Tecnoglass (TGLS) for Q4 2022?
When will Tecnoglass (TGLS) pay its dividend?
What is the record date for Tecnoglass (TGLS) dividend eligibility?
How does Tecnoglass (TGLS) generate its revenue?
