Tecnoglass Sets Record Date for Previously-Announced 36% Increase to Fourth Quarter 2024 Dividend
Tecnoglass (NYSE: TGLS) announced a significant 36% increase in its quarterly dividend, raising it to $0.15 per share from $0.11 per share. The new annualized dividend rate will be $0.60 per share, up from the previous $0.44 per share. Shareholders of record as of December 31, 2024, will receive the increased dividend payment on January 31, 2025. The company's CFO emphasized that this increase reflects strong cash flow generation capabilities and business trajectory while maintaining financial flexibility for growth initiatives.
Tecnoglass (NYSE: TGLS) ha annunciato un significativo incremento del 36% del suo dividendo trimestrale, portandolo a $0,15 per azione rispetto ai precedenti $0,11 per azione. Il nuovo tasso di dividendo annualizzato sarà di $0,60 per azione, in aumento rispetto al precedente $0,44 per azione. Gli azionisti registrati al 31 dicembre 2024 riceveranno il pagamento del dividendo aumentato il 31 gennaio 2025. Il CFO dell’azienda ha sottolineato che questo aumento riflette solide capacità di generazione di flussi di cassa e la traiettoria aziendale, mantenendo al contempo la flessibilità finanziaria per le iniziative di crescita.
Tecnoglass (NYSE: TGLS) anunció un aumento significativo del 36% en su dividendo trimestral, elevándolo a $0,15 por acción desde $0,11 por acción. La nueva tasa de dividendo anualizada será de $0,60 por acción, en comparación con los $0,44 anteriores. Los accionistas registrados al 31 de diciembre de 2024 recibirán el pago del dividendo aumentado el 31 de enero de 2025. El CFO de la compañía enfatizó que este aumento refleja sólidas capacidades de generación de flujo de efectivo y la trayectoria del negocio, manteniendo al mismo tiempo flexibilidad financiera para las iniciativas de crecimiento.
테크노글라스 (NYSE: TGLS)는 분기 배당금을 36% 인상하여 주당 $0.11에서 $0.15로 증가했다고 발표했습니다. 새로운 연간 배당률은 주당 $0.60로, 이전의 $0.44에서 상승한 수치입니다. 2024년 12월 31일 기준 주주들은 2025년 1월 31일에 증가된 배당금을 수령하게 됩니다. 회사의 CFO는 이 증액이 강력한 현금 흐름 생성 능력과 비즈니스 경로를 반영하며, 성장 사업을 위한 재정적 유연성을 유지하고 있음을 강조했습니다.
Tecnoglass (NYSE: TGLS) a annoncé une augmentation significative de 36% de son dividende trimestriel, le portant de 0,11 $ à 0,15 $ par action. Le nouveau taux de dividende annualisé sera de 0,60 $ par action, en hausse par rapport à l'ancien montant de 0,44 $ par action. Les actionnaires inscrits au 31 décembre 2024 recevront le paiement du dividende accru le 31 janvier 2025. Le CFO de l'entreprise a souligné que cette augmentation reflète de solides capacités de génération de flux de trésorerie et la trajectoire de l'entreprise, tout en maintenant une flexibilité financière pour les initiatives de croissance.
Tecnoglass (NYSE: TGLS) gab bekannt, dass die vierteljährliche Dividende um 36% erhöht wird, von $0,11 auf $0,15 pro Aktie. Der neue annualisierte Dividendenbetrag beträgt $0,60 pro Aktie, gegenüber zuvor $0,44 pro Aktie. Aktionäre, die am 31. Dezember 2024 registriert sind, erhalten die erhöhte Dividende am 31. Januar 2025. Der CFO des Unternehmens betonte, dass diese Erhöhung die starken Cashflow-Generierungsfähigkeiten und die Geschäftsentwicklung widerspiegle und gleichzeitig finanzielle Flexibilität für Wachstumsinitiativen gewahrt bleibe.
- 36% increase in quarterly dividend from $0.11 to $0.15 per share
- Annualized dividend increase from $0.44 to $0.60 per share
- Strong cash flow generation indicated by dividend increase
- None.
Insights
Miami, FL, Dec. 11, 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 approved a
Santiago Giraldo, Chief Financial Officer of Tecnoglass, commented, “The decision to raise our quarterly dividend reflects the Board’s continued confidence in our strong cash flow generation capabilities and the trajectory of our business. We remain focused on prudent balance sheet management and delivering superior shareholder returns while maintaining the financial flexibility to execute on our strategic growth initiatives.”
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
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
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