Tecnoglass Inc. announced that its Board of Directors has set the record date for its previously approved 36% increase in the quarterly dividend. The dividend will be $0.15 per share, up from the prior rate of $0.11 per share.
This new quarterly rate translates to an annualized dividend of $0.60 per share, compared to the previous annualized rate of $0.44 per share. The decision reflects the Board's confidence in the company's strong cash flow generation capabilities.
Shareholders of record as of the close of business on December 31, 2024, will receive the $0.15 per share dividend. The payment date for this dividend is scheduled for January 31, 2025.
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