Tecnoglass Declares Cash Dividend For Q3 2020

Coming off a record breaking second quarter, Barranquilla, Colombia based Tecnoglass (NASDAQ: TGLS) has declared a cash dividend of $0.0275 USD per share, or $0.11 per share on an annualized basis for the third quarter of 2020. The dividend will be paid to shareholders of record as of September 30, 2020 on October 30, 2020.

The architectural glass and aluminum products manufacturer reported a record half billion USD backlog in orders, up 4.8% over the previous year, and record cash flow from operations of $24.3 million. 96% of the company’s revenues come from the United States, which is its primary export market, but also home to an operating subsidiary.

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Finance Colombia executive editor Loren Moss was able to speak with the company’s CFO, Santiago Giraldo to understand the extraordinary first half of 2020, how it is navigating the pandemic, and what investors can expect from the joint venture with Saint Gobain, and the company’s expansion plans.