Tredegar Holds Annual Meeting of Shareholders; Board Raises Quarterly Dividend by 29%

RICHMOND, Va.--(BUSINESS WIRE)--

Tredegar Corporation (NYSE: TG) held its 2014 Annual Shareholders Meeting in Richmond, VA on Thursday, May 15. The company updated shareholders on its first quarter performance and actions taken to execute on its strategy and strengthen its global capabilities.

To listen to the meeting and view the slide presentation, go to the company's website, www.tredegar.com, and select the “Webcast of Shareholders Meeting” link in the Investors section of the website. A replay of the meeting will be available through August 15, 2014.

The board of directors of Tredegar Corporation declared a quarterly dividend of nine cents ($.09) per share on the company's common stock, representing an eight cent ($.08) or 29% increase in the dividend on an annualized basis. The dividend is payable on July 1, 2014 to shareholders of record at the close of business on June 13, 2014.

Nancy M. Taylor, Tredegar's president and chief executive officer, said, “The increase, our fourth increase in just over three years, reinforces our commitment to create long-term value for our shareholders.”

Tredegar Corporation is a manufacturer of plastic films and aluminum extrusions. A global company headquartered in Richmond, Virginia, Tredegar had 2013 sales of $959 million. With approximately 2,700 employees, the company operates manufacturing facilities in North America, South America, Europe, and Asia.