Tredegar Board Declares Increased Dividend

The board of directors of Tredegar Corporation TG declared a quarterly dividend of four and one-half cents ($.045) per share on the company's common stock, representing a two cent ($.02) increase in the dividend on an annualized basis. The dividend is payable on April 1, 2011 to shareholders of record at the close of business on March 18, 2011.