Ternium S.A. (NYSE:TX) Raises Dividend to $1.80 Per Share

Ternium S.A. (NYSE:TX - Get Free Report) announced a semi-annual dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Friday, May 9th will be paid a dividend of 1.80 per share by the basic materials company on Wednesday, May 14th. This represents a yield of 10.3%. The ex-dividend date is Friday, May 9th. This is a boost from Ternium's previous semi-annual dividend of $0.09.

Ternium has raised its dividend by an average of 2.3% annually over the last three years. Ternium has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ternium to earn $6.05 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 29.8%.

Ternium Stock Performance

TX stock traded down $0.28 during mid-day trading on Friday, hitting $29.51. 290,059 shares of the company were exchanged, compared to its average volume of 280,573. The business has a 50 day simple moving average of $29.46 and a 200-day simple moving average of $32.60. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.79 billion, a PE ratio of -105.38, a price-to-earnings-growth ratio of 0.38 and a beta of 1.76. Ternium has a 1-year low of $28.00 and a 1-year high of $44.44.

Ternium (NYSE:TX - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($1.39). Ternium had a negative net margin of 0.31% and a positive return on equity of 1.82%. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $4.18 billion. On average, equities analysts forecast that Ternium will post 4.37 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TX shares. The Goldman Sachs Group dropped their price target on shares of Ternium from $45.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. StockNews.com downgraded shares of Ternium from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th.

About Ternium

Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.