Tecnoglass Sets Record Date for Previously-Announced 36% Increase to Fourth Quarter 2024 Dividend

Core Viewpoint - Tecnoglass, Inc. has announced a 36% increase in its quarterly dividend, reflecting strong cash flow generation and confidence in business trajectory [1][2]. Company Overview - Tecnoglass is a leading producer of high-end aluminum and vinyl windows and architectural glass, serving residential and commercial markets [2]. - The company is the second largest glass fabricator in the U.S. and the top architectural glass transformation company in Latin America [2]. - Tecnoglass operates a 5.6 million square foot manufacturing complex in Barranquilla, Colombia, serving nearly 1,000 customers across North, Central, and South America, with 95% of total revenues coming from the U.S. [2]. Dividend Announcement - The quarterly dividend has been increased from $0.11 to$0.15 per share, resulting in an annualized dividend of $0.60 compared to the previous$0.44 [1]. - Shareholders of record as of December 31, 2024, will receive the new dividend on January 31, 2025 [1]. Financial Management - The decision to raise the dividend is based on the Board's confidence in the company's cash flow and commitment to prudent balance sheet management [2]. - The company aims to deliver superior shareholder returns while maintaining financial flexibility for strategic growth initiatives [2].