Tredegar Keeps Dividend Steady
Plastic film and aluminum extrusion maker Tredegar announced yesterday its second-quarter dividend of $0.07 per share, the same rate it paid last quarter after raising the payout 17%, from $0.06 per share.
The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 14. The dividend increase earlier this year was the third time in as many years that it had been raised.
The regular dividend payment equates to a $0.28-per-share annual dividend, yielding 1.1% based on the closing price of Tredegar's stock on May 22.
The article Tredegar Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.