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Tennant (TNC) Dividend Yield, Date & History

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$80.29 -1.42 (-1.74%)
(As of 12/20/2024 05:40 PM ET)

Tennant Dividend Summary

Dividend Yield
1.47%
Annual Dividend
$1.18
Recent
Dividend Payment
Dec. 16
Dividend Increase
Track Record
53 Years
Annualized 3-Year
Dividend Growth
6.50%
Dividend Payout Ratio
20.81%

Tennant (TNC) pays an annual dividend of $1.18 per share, with a dividend yield of 1.47%. The next quarterly payment of $0.2950 per share was paid on Monday, December 16, to investors who owned the stock before the ex-dividend date of Friday, November 29. TNC has grown its dividend for 53 consecutive years, with an average annual increase of 2.12%. The company currently pays out 20.81% of its earnings and 13.23% of its cash flow as dividends.

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TNC Dividend Payments by Quarter

The chart below displays up to four years of Tennant's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

TNC Dividend Yield Over Time

The chart below tracks Tennant's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Tennant vs. The Competition

Compare Tennant's annual dividend, yield, and 3-year growth rate with averages for Industrial and NYSE companies to evaluate its performance against the market.

TypeTennantIndustrial CompaniesNYSE Companies
Annual Dividend$1.18$0.01$1.39
Dividend Yield1.47%2.08%3.59%
Annualized 3-Year Dividend Growth6.50%11.38%15.78%
Track Record53 years33 years24 years

Tennant Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings20.81%
Based on This Year's Estimate18.35%
Based on Next Year's Estimate17.64%
Based on Cashflow13.23%

Tennant Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/31/2024Quarterly$0.2950+$0.0150
5.36%
1.4%11/29/202411/29/202412/16/2024
8/6/2024quarterly$0.28 - 1.2%8/30/20248/30/20249/16/2024
5/1/2024quarterly$0.28 - 1%5/31/20245/31/20246/14/2024
2/13/2024Quarterly$0.28 - 1.12%2/28/20242/29/20243/15/2024
10/30/2023quarterly$0.28+$0.0150
5.66%
1.5%11/29/202311/30/202312/15/2023
8/2/2023quarterly$0.2650 - 1.3%8/30/20238/31/20239/15/2023
4/25/2023Quarterly$0.2650 - 1.63%5/30/20235/31/20236/15/2023
2/14/2023Quarterly$0.2650 - 1.55%3/2/20233/3/20233/15/2023

This table shows Tennant's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Tennant Dividend - Frequently Asked Questions

The current dividend yield for Tennant is 1.47%. Learn more on TNC's dividend yield history.

The annual dividend for TNC shares is $1.18. Learn more on TNC's annual dividend history.

Tennant pays quarterly dividends to shareholders.

Tennant's most recent quarterly dividend payment of $0.2950 per share was made to shareholders on Monday, December 16, 2024.

Tennant's most recent ex-dividend date was Friday, November 29, 2024.

Over the past three years, the company's dividend has grown by an average of 6.50% per year.

Tennant has increased its dividend for the past 53 consecutive years.

The most recent change in the company's dividend was an increase of $0.0150 on Thursday, October 31, 2024.

The dividend payout ratio for TNC is:
  • 20.81% based on the trailing year of earnings
  • 18.35% based on this year's estimates
  • 17.64% based on next year's estimates
  • 13.23% based on cash flow

Tennant's dividend yield of 1.39% is lower than the average Industrial Products company that issues a dividend. The company's 53 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Tennant's dividend payout ratio of 20.81% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Tennant stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.


This page (NYSE:TNC) was last updated on 12/21/2024 by MarketBeat.com Staff
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