Tredegar Corporation (NYSE:TG) will begin trading ex-dividend on December 10, 2020. The special dividend payment of $ 5.97 per share is scheduled to be paid on December 18, 2020. The dividend yield based on the latest trading day closing price was 0.86 percent. Shareholders who purchased TG shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Tredegar Corporation recently reported third quarter financial results on November 9, 2020, before market open, the Richmond based company posted income for the third quarter of $ 0.39 per share, from the revenue of $ 184.37 million. The quarterly earnings hiked 14.71 percent while revenues shrunk 24.20 percent compared with the same quarter last year.
Stock Performance
Shares of Tredegar Corporation traded up $ 0.65 or 2.87 percent on Tuesday, reaching $ 23.26 with volume of 399.30 thousand shares. Tredegar Corporation has traded high as $ 23.35 and has cracked $ 22.24 on the downward trend
According to the previous trading day, closing price of $ 23.26, representing a 99.91 % increase from the 52 week low of $ 11.31 and a 4.64 % decrease over the 52 week high of $ 23.71.
The company has a market capital of $ 779.16 million and is part of the Industrials sector and Conglomerates industry.
Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiSoft, AquiDry, and AquiDry Plus brands.
