Why Tredegar Stock Is Soaring Today

Why Tredegar Stock Is Soaring Today
Matthew DiLallo, The Motley Fool

Shares of Tredegar Corporation (NYSE: TG) rocketed more than 28% by 10:30 a.m. EST on Wednesday. Powering the industrial manufacturer's rally was its decision to pay a special dividend. Tredegar Corporation declared a special dividend of $200 million, or $5.97 per share.