Ternium S.A. (TX) to Issue Dividend of $0.90 on May 20th

Ternium S.A. (NYSE:TX) announced a dividend on Tuesday, February 17th. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.90 per share by the basic materials company on Wednesday, May 20th. This represents a dividend yield of 413.0%. The ex-dividend date is Thursday, May 14th.

Ternium has raised its dividend by an average of 0.2%per year over the last three years. Ternium has a payout ratio of 53.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Ternium to earn $5.75 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 45.2%.

Ternium Stock Performance

Shares of NYSE TX opened at $46.06 on Tuesday. Ternium has a 12 month low of $27.12 and a 12 month high of $49.69. The company has a 50-day simple moving average of $41.29 and a 200-day simple moving average of $40.10. The company has a market cap of $9.23 billion, a PE ratio of 15.83 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.63 and a quick ratio of 1.53.

Ternium (NYSE:TX) last released its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. The firm had revenue of $3.93 billion during the quarter. On average, equities analysts anticipate that Ternium will post 4.04 earnings per share for the current year.

Ternium Company Profile

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot?rolled and cold?rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.