Tennant Company (NYSE:TNC) Declares Quarterly Dividend of $0.31

Tennant Company (NYSE:TNC) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, May 29th will be given a dividend of 0.31 per share by the industrial products company on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 29th.

Tennant has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 53 consecutive years. Tennant has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tennant to earn $6.16 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 20.1%.

Tennant Trading Up 0.0%

NYSE TNC traded up $0.01 on Thursday, reaching $81.11. The company had a trading volume of 33,333 shares, compared to its average volume of 245,042. The stock’s 50 day moving average is $70.65 and its 200-day moving average is $74.70. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 2.44 and a beta of 0.98. The company has a quick ratio of 1.37, a current ratio of 2.05 and a debt-to-equity ratio of 0.45. Tennant has a 52 week low of $60.17 and a 52 week high of $85.90.

Tennant Company Profile

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.