Tecnoglass Announces Timing of Quarterly Cash Dividend for Third Quarter 2020
Tecnoglass (NASDAQ: TGLS) announced a quarterly cash dividend of $0.0275 per share, amounting to $0.11 annually, for Q3 2020. This dividend will be paid on October 30, 2020 to shareholders on record by September 30, 2020.
Tecnoglass is a leading manufacturer of architectural glass and aluminum products, serving over 1000 customers across the Americas, with a focus on the U.S. market, generating over 80% of its revenues.
- Declared a quarterly cash dividend of $0.0275 per share, showing commitment to shareholder returns.
- Company revenues are predominantly derived from the U.S. market, indicating strong market demand.
- Potential risks from economic and regulatory changes may impact future performance, as hinted in the forward-looking statements.
Barranquilla, Colombia, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NASDAQ: TGLS) ("Tecnoglass" or the "Company"), a leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, today announced that its Board of Directors has declared a quarterly cash dividend of
About Tecnoglass
Tecnoglass Inc. is a leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries. Tecnoglass is the #1 architectural glass transformation company in Latin America and the second largest glass fabricator serving the United States. Headquartered in Barranquilla, Colombia, the Company operates out of a 2.7 million square foot vertically-integrated, state- of-the-art manufacturing complex that provides easy access to the Americas, the Caribbean, and the Pacific. Tecnoglass supplies over 1000 customers in North, Central and South America, with the United States 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
Chief Financial Officer
305-503-9062
investorrelations@tecnoglass.com
FAQ
What is the dividend amount declared by Tecnoglass in Q3 2020?
When will the Tecnoglass dividend be paid?
Who is eligible for the Tecnoglass dividend?
What percentage of Tecnoglass revenues come from the U.S.?
Are there any risks associated with Tecnoglass's future performance?
