The US-listed glassmaker maintains its $0.60 USD annualized payout.

The declaration holds the company’s quarterly dividend at the same $0.15 USD level it has paid each quarter since the start of 2025.

Tecnoglass manufactures windows and architectural glass for the single-family, multi-family, and commercial markets, and describes itself as the second-largest glass fabricator serving the United States and the largest architectural glass transformation company in Latin America. The company says its vertically integrated, 5.8 million-square-foot complex in Barranquilla supplies close to 1,000 customers across North, Central, and South America, with the United States accounting for 95% of revenue.

While its production base remains in Barranquilla, Tecnoglass redomiciled to the United States and shifted its headquarters to Miami over the past year, a move tied to its overwhelmingly US customer base. The company reported record 2025 revenue of $983.6 million USD.

Tecnoglass glass and windows appear on properties including One Thousand Museum and Paramount in Miami, Salesforce Tower in San Francisco, Via 57 West in New York, Hub50House in Boston, El Dorado International Airport in Bogotá, One Plaza in Medellín, and the Pabellón de Cristal in Barranquilla. Additional information is available on the company’s website.

Photo: Loren Moss

The partnership creates a shared distribution network in the Americas and will allow Tecnoglass to manufacture and sell Schüco-branded products in North America and Latin America.

Tecnoglass will also supply glass and aluminum products to the German-headquartered company, which specializes in window, door, and facade systems for homes and buildings.

“This alliance is a remarkable opportunity for Tecnoglass to serve new markets and expand its offering of cutting-edge products,” said Christian Daes, chief operating officer of Tecnoglass.

READ MORE: Tecnoglass to Pay Dividend of $0.14 per Share on November 19

“This is a win/win for both companies,” he added. “Jointly we will be able to take advantage of Tecngolass’ state-of-the-art production facilities while sharing each other’s established distribution networks across the Americas.”

The payment will be made to shareholders of record at the close of business on October 26.

Tecnoglass shareholders can chose to receive the dividend in either cash or ordinary shares, with the election period beginning on October 29 and staying open until the close of business (Eastern Time) on November 9.

If shareholders don’t make a selection, their dividend will be paid in ordinary shares.

The value of shares paid out as a dividend will be determined by the average NASDAQ closing price of from the period of October 29 to November 9.

The dividend will be paid to all shareholders as the close of business on June 29. Tecnoglass is listed on the NASDAQ exchange as TGLS.

Shareholders can opt to receive either cash or ordinary shares for their payment. The number of shares paid out will be defined by the average closing price between July 6-19.

The election period for the type of preferred payment will begin on July 2 and stay open until 5:00 pm on July 19. If a shareholder does not make a selection, they will receive a dividend in ordinary shares, according to Tecnoglass.

GM&P, a glazing and consulting contractor in Miami that Tecnoglass had worked with for years, was cited by the company as a strategic purchase as the company pushed to strengthen its physical presence in the United States, which is its largest sales market.

The original agreement was signed in March 2017 and followed soon after Technoglass’ acquisition of E.S. Windows, LLC, another Miami company that was purchased, for $13 million USD, with an eye on vertical integration in the United States.

Tecnoglass initially paid $6 million USD of the total $35 million USD price for GM&P within the first 60 days of the agreement.

The remaining $29 million USD payment was made last week on May 4, according to the company, with $6 million USD in cash, $13 million USD in stock, and the execution of a $10 million USD junior subordinated note.

READ MORE: Tecnoglass Acquires Miami-Based Glazing Company for $35 Million USD

The $13 million USD was the equivalent of just under 1.3 million Tecnoglass ordinary shares, which represented “a 23% premium over the last sale price of the TGLS ordinary shares on the date of payment,” according to the company.

Tecnoglass CEO José M. Daes said that this payment structure “preserves significant financial flexibility to support our growth objectives” and praised the integration of GM&P as a acquisition that has “exceeded our initial expectations and contributed meaningfully to our U.S. revenue and backlog growth trajectory during the past 14 months.”

Photo: Tecnoglass international headquarters, seen here, are located in Barranquilla, Colombia. (Credit: Tecnoglass)

Despite the windfall, net income came in at just $5.7 million USD on adjusted EDBITDA of $62.0 Million USD. This was down from $23.2 million USD and $72 million USD, respectively, in 2016.

Some of this can be attributed to capital expenditures as well as approximately $3 million of invoicing that, due to Hurricane Irma, will be realized in 2018. The company’s backlog also expanded to $499 million USD in 2017, an increase of 26% compared to 2016.

In addition, revenue in Colombia “remained pressured,” said CEO José Manuel Daes, due to persistent macroeconomic challenges in the country. But he added that “we are beginning to turn the corner,” with fourth quarter results up 36.8% compared to the third quarter, and expected projects in 2018 that will allow the firm to “capitalize on significant pent-up demand in Colombia” and “ strong interest in our new products” in the nation.

Tecnoglass still managed to hit its $10 million USD sales target last year and expects to reach a range of $20 million USD to $25 million USD for 2018.

Looking more broadly, the company expects revenue growth to be even stronger in 2018, particularly in the first half of the year due “based on anticipated timing of invoicing in 2018 compared to 2017,” stated Tecnoglass.

In all, it has projected revenues of between $345 million USD to $365 million USD this year. This will lead to an estimated 22% jump in adjusted EBITDA to between $71 million USD to $81 million USD, according to internal projections.

“During 2017, we also took a number of steps to enhance our competitive advantages and improve our ability to generate attractive returns on higher expected revenues,” said Christian Daes, chief operating officer of Tecnoglass. “We implemented lean initiatives, eliminated waste and reduced fixed costs, which have already resulted in stronger operational performance in the second half 2017 compared to the first half 2017.”

The COO also highlighted the realized energy savings following a solar energy project and high hopes for a new range of “high-end products which will allow us to further diversify our revenue stream going forward.”

Photo: Tecnoglass manafactures windows, glass, and other homebuilding products from its plant in Barranquilla, Colombia. (Credit: Tecnoglass)

The dividend is up slightly from the $0.125 USD-per-share dividend the Colombian company paid in the first quarter of 2017.

All Tecnoglass shareholders of record on the close of business on March 29 will received the dividend, which can be paid in either cash or ordinary shares.

READ MORE: Tecnoglass Is Striving for Further Expansion into the United States

The election period for shareholders to decide the payment method will be open from April 2-18.

Dividends paid in shares will use the average of the closing price on the NASDAQ exchange from April 5-18. The default payment, if a shareholder fails to elect a method, will be ordinary shares.

Photo: A Tecnoglass employee working within the company’s factory in Barranquilla, Colombia (Photo credit: Liliana Padierna)

Bladex, a regional bank in the Americas that was founded jointly by several central banks in Latin America and the Caribbean in 1979 to promote trade and economic integration, had 39,226,929 shares outstanding, of all classes, as of the company’s board meeting on April 18.

Headquartered in Panama City, Bladex also has offices throughout the Americas in locations including Colombia, Brazil, Mexico, Argentina, Peru, and the United States. It has been listed on the New York Stock Exchange since 1992.