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Stock impact report

Increasing Ternium Position Going Into Q1 Earnings [Seeking Alpha]

Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value) (TX) 
Last ternium s.a. ternium s.a. american depositary shares (each representing ten shares, usd1.00 par value) earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
SummaryManagement has stood pat on their (pre-pandemic guidance) for the first quarter.The annual dividend of $1.20 per share will be paid out a week after earnings are announced.We remain bullish. Here is why we are increasing our position pre the announcement.We bought more of Ternium (NYSE:TXThat dividend (which is $1.20 annually) will be paid out to shareholders on the 5th of May. So, basically, there is a calendar week between the ex-dividend date and the payment date. This is attractive from a trading standing, especially if we want to put on an earnings trade and sell premium which will expire in the regular May cycle.Earnings trades for us are simply a strategy to increase cash flow for our portfolio. The core focus always is on the company and its respective fundamentals.We have written aboutManagement, though, came out a few weeks back and stated that its operating results for the first quarter are in line with previousA strong valuation is one thing, but a viable dividend i Show less Read more
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