Tredegar Stock To Go Ex-dividend Tomorrow (TG)

NEW YORK ( TheStreet) -- The ex-dividend date for Tredegar Corporation (NYSE: TG) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $14.38 as of 9:34 a.m. ET, the dividend yield is 1.3%.

The average volume for Tredegar has been 101,700 shares per day over the past 30 days. Tredegar has a market cap of $467.7 million and is part of the conglomerates sector and conglomerates industry. Shares are down 37.3% year to date as of the close of trading on Monday.

Tredegar Corporation, through its subsidiaries, manufactures and sells plastic films and aluminum extrusions worldwide. The company has a P/E ratio of 15.5, below the average conglomerates industry P/E ratio of 22.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tredegar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full Tredegar Ratings Report.

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