Tecnoglass Announces $0.11 Quarterly Dividend

Tecnoglass, Inc. (NYSE: TGLS) has announced a quarterly dividend of $0.11 per share for the second quarter of 2024, which reflects an annualized amount of $0.44 per share. The dividend is set to be paid on July 31, 2024, to shareholders of record as of the close of business on June 28, 2024.

The company's manufacturing complex, spanning 5.6 million square feet in Barranquilla, Colombia, caters to nearly 1,000 customers across North, Central, and South America. Notably, the United States accounts for 96% of Tecnoglass' total revenues. As a leading producer of high-end aluminum and vinyl windows and architectural glass, the company serves the multi-family, single-family, and commercial end markets.

Tecnoglass also emphasizes its position as the second largest glass fabricator in the U.S. and the number one architectural glass transformation company in Latin America. Its products adorn prominent properties worldwide, including the One Thousand Museum in Miami, the Salesforce Tower in San Francisco, and the Aeropuerto Internacional El Dorado in Bogotá.

These figures and the company's market reach underscore its continued growth and presence in the industry. The market has reacted to these announcements by moving the company's shares -2.2% to a price of $44.73. For more information, read the company's full 8-K submission here.

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