Ternium S.A. (NYSE:TX) Announces Semi-annual Dividend of $1.80

Ternium S.A. (NYSE:TX) declared a semi-annual dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Friday, May 9th will be given a dividend of 1.80 per share by the basic materials company on Wednesday, May 14th. This represents a dividend yield of 10.3%. The ex-dividend date is Friday, May 9th. This is a positive change from Ternium’s previous semi-annual dividend of $0.09.

Ternium has increased its dividend payment by an average of 2.3% per year over the last three years. Ternium has a payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE TX opened at $30.10 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The company’s 50-day moving average price is $29.53 and its 200 day moving average price is $32.64. Ternium has a 52 week low of $28.00 and a 52 week high of $44.44.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($1.39). The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $4.18 billion. Ternium had a positive return on equity of 1.80% and a negative net margin of 0.31%. As a group, sell-side analysts expect that Ternium will post 4.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on 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 lowered shares of Ternium from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Ternium Company Profile

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.