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Tecnoglass Announces Third Quarter 2024 Dividend

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Tecnoglass (NYSE: TGLS), a leading manufacturer of high-end aluminum and vinyl windows and architectural glass, has announced its third quarter 2024 dividend. The company's Board of Directors has declared a quarterly dividend of $0.11 per share, which equates to $0.44 per share on an annualized basis. This dividend will be paid on October 31, 2024, to shareholders of record as of the close of business on September 30, 2024. Tecnoglass serves both residential and commercial markets globally, highlighting its diverse customer base and market presence.

Tecnoglass (NYSE: TGLS), un leader nella produzione di finestre in alluminio e vinile di alta gamma e vetro architettonico, ha annunciato il suo dividendo per il terzo trimestre del 2024. Il Consiglio di Amministrazione della società ha dichiarato un dividendo trimestrale di $0,11 per azione, che si traduce in $0,44 per azione su base annua. Questo dividendo sarà corrisposto il 31 ottobre 2024, agli azionisti registrati al termine dell'attività il 30 settembre 2024. Tecnoglass serve sia il mercato residenziale che quello commerciale a livello globale, evidenziando la sua diversificata base di clienti e presenza nel mercato.

Tecnoglass (NYSE: TGLS), un fabricante líder de ventanas de aluminio y vinilo de alta gama y vidrio arquitectónico, ha anunciado su dividendo correspondiente al tercer trimestre de 2024. La Junta Directiva de la compañía ha declarado un dividendo trimestral de $0.11 por acción, lo que equivale a $0.44 por acción de manera anualizada. Este dividendo se pagará el 31 de octubre de 2024 a los accionistas registrados hasta el cierre de operaciones del 30 de septiembre de 2024. Tecnoglass atiende tanto al mercado residencial como al comercial a nivel global, destacando su diversa base de clientes y presencia en el mercado.

Tecnoglass (NYSE: TGLS)는 고급 알루미늄 및 비닐 창호와 건축 유리의 주요 제조업체로서 2024년 3분기 배당금을 발표했습니다. 회사의 이사회는 주당 $0.11의 분기 배당금을 선언했으며, 이는 연간 기준으로 주당 $0.44에 해당합니다. 이 배당금은 2024년 10월 31일에 지급될 예정이며, 2024년 9월 30일 영업 종료 시점에 주주 목록에 등록된 주주들에게 지급됩니다. Tecnoglass는 전 세계적으로 주거용 및 상업용 시장 모두에 서비스를 제공하며, 다양한 고객층과 시장 존재감을 강조하고 있습니다.

Tecnoglass (NYSE: TGLS), un fabricant de premier plan de fenêtres en aluminium et vinyle haut de gamme et de verre architectural, a annoncé son dividende pour le troisième trimestre 2024. Le Conseil d'administration de l'entreprise a déclaré un dividende trimestriel de 0,11 $ par action, ce qui correspond à 0,44 $ par action sur une base annualisée. Ce dividende sera payé le 31 octobre 2024 aux actionnaires enregistrés à la fermeture des affaires le 30 septembre 2024. Tecnoglass sert à la fois les marchés résidentiels et commerciaux à l'échelle mondiale, mettant en avant sa clientèle diversifiée et sa présence sur le marché.

Tecnoglass (NYSE: TGLS), ein führender Hersteller von hochwertigen Aluminium- und Vinylfenstern sowie architektonischem Glas, hat seine Dividende für das dritte Quartal 2024 angekündigt. Der Vorstand des Unternehmens hat eine Vierteljahresdividende von 0,11 $ pro Aktie erklärt, was 0,44 $ pro Aktie auf Jahresbasis entspricht. Diese Dividende wird am 31. Oktober 2024 an die zum Ende des Geschäftstags am 30. September 2024 registrierten Aktionäre ausgezahlt. Tecnoglass bedient sowohl den Wohn- als auch den Gewerbemarkt weltweit und hebt damit seine vielfältige Kundenbasis und Marktpräsenz hervor.

Positive
  • Consistent dividend payment indicates financial stability
  • Quarterly dividend of $0.11 per share, annualized to $0.44 per share
Negative
  • None.

Insights

Tecnoglass's dividend announcement signals financial stability and shareholder value commitment. The $0.11 quarterly dividend ($0.44 annualized) represents a consistent payout, maintaining the company's dividend policy. For investors, this translates to a steady income stream, particularly appealing in the current economic climate.

However, it's important to note that the dividend remains unchanged from previous quarters, which could be interpreted as cautious financial management or growth in distributable profits. The ex-dividend date, typically two business days before the record date (September 30), is a key date for potential investors to consider.

While dividends are positive, they should be evaluated alongside other financial metrics like earnings growth, payout ratio and cash flow to get a comprehensive view of Tecnoglass's financial health and growth prospects.

Miami, FL, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today announced that its Board of Directors has declared a quarterly dividend of $0.11 per share, or $0.44 per share on an annualized basis, for the third quarter of 2024. Shareholders of record as of the close of business on September 30, 2024 will be paid a dividend on October 31, 2024.

About Tecnoglass

Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass 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 5.6 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for 95% of total 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
CFO
305-503-9062
investorrelations@tecnoglass.com


FAQ

What is the dividend amount for Tecnoglass (TGLS) for Q3 2024?

Tecnoglass (TGLS) has declared a quarterly dividend of $0.11 per share for the third quarter of 2024.

When will Tecnoglass (TGLS) pay its Q3 2024 dividend?

Tecnoglass (TGLS) will pay its third quarter 2024 dividend on October 31, 2024.

What is the annual dividend yield for Tecnoglass (TGLS) based on the Q3 2024 announcement?

Based on the Q3 2024 announcement, Tecnoglass (TGLS) has an annualized dividend of $0.44 per share.

What is the record date for Tecnoglass (TGLS) Q3 2024 dividend?

The record date for Tecnoglass (TGLS) Q3 2024 dividend is September 30, 2024.

Tecnoglass Inc.

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