Ternium S.A. (NYSE:TX) Plans Dividend of $0.90

Ternium S.A. (NYSE:TX) announced a dividend on Tuesday, November 3rd. Stockholders of record on Monday, November 16th will be given a dividend of $0.90 per share by the basic materials company on Tuesday, November 17th. This represents a dividend yield of 349.0%. The ex-dividend date of this dividend is Monday, November 16th.

Ternium has increased its dividend by an average of 0.2% per year over the last three years. Ternium has a payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ternium to earn $8.31 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 31.3%.

Ternium Stock Performance

NYSE:TX opened at $51.60 on Wednesday. The stock’s 50-day moving average is $56.25 and its 200-day moving average is $47.70. Ternium has a 1-year low of $35.12 and a 1-year high of $60.21. The company has a current ratio of 2.58, a quick ratio of 1.43 and a debt-to-equity ratio of 0.14. The stock has a market cap of $10.35 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 0.14 and a beta of 1.17.

Ternium (NYSE:TX) last issued its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.47). The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Ternium had a net margin of 4.37% and a return on equity of 4.26%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. Equities research analysts anticipate that Ternium will post 6.52 earnings per share for the current year.

About Ternium

Ternium SA is a steel producer serving customers primarily in the Americas. The company manufactures and distributes a broad range of steel products, including flat steel, long steel, galvanized and pre-painted steel, hot- and cold-rolled products, steel bars, wire rod, and tubular products.

Ternium supplies industries such as construction, automotive, appliance manufacturing, energy, transportation, and agriculture. Its operations include iron ore mining, steelmaking, rolling, coating, processing, and distribution, allowing it to offer both commodity and higher-value-added steel products.

The company has industrial and commercial operations across Latin America, including Mexico, Brazil, Argentina, Colombia, and other markets in the region, as well as a presence in the United States and Central America.