Tredegar Corporation
TGTredegar Corporation (TG) is a diversified manufacturer specializing in the production of extrusions, flexible packaging, and a variety of consumer and industrial products. Founded in 1987, the company operates through its subsidiaries to serve markets such as healthcare, consumer packaging, and industrial applications, leveraging advanced manufacturing processes to deliver innovative solutions.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| July 3, 2023 | $0.13 | 2023-06-15 | 2023-06-19 |
| April 1, 2023 | $0.13 | 2023-03-23 | 2023-03-24 |
| January 1, 2023 | $0.13 | 2022-12-15 | 2022-12-16 |
| October 1, 2022 | $0.13 | 2022-09-15 | 2022-09-16 |
| July 1, 2022 | $0.12 | 2022-06-16 | 2022-06-17 |
Dividends Summary
- Consistent Payer: Tredegar Corporation has rewarded shareholders with 81 dividend payments over the past 19 years.
- Total Returned Value: Investors who held TG shares during this period received a total of $12.78 per share in dividend income.
- Latest Payout: The most recent dividend of $0.13/share was paid 935 days ago, on July 3, 2023.
- Yield & Schedule: TG currently pays dividends quarterly with an annual yield of 6.05%.
- Dividend Growth: Since 2004, the dividend payout has grown by 225.0%, from $0.04 to $0.13.
- Dividend Reliability: TG has maintained or increased its dividend for 11 consecutive payments.
Company News
The global elastic film market is expected to grow from USD 2.5 billion in 2024 to USD 3.4 billion by 2034, driven by increasing demand for personal hygiene and medical products. Key materials fueling this growth include ethylene-based elastomers, styrene-block copolymers, and propylene-based elastomers.
Discover why Zacks has rated Tredegar as "Underperform," being the first on Wall Street to initiate coverage on the stock. Delve into the challenges posed by volatile material costs, high debt, fierce competition and economic cycles, despite recent financial rebounds and strategic divestments.
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