On September 15, 2023, Tennant TNC will distribute a dividend payout of $0.27 per share, equating to an annualized dividend yield of 1.32%. Shareholders who owned the stock before the ex-dividend date on August 30, 2023 will receive this payout.
Tennant Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-30 | 4 | $0.27 | 1.32% | 2023-08-02 | 2023-08-31 | 2023-09-15 |
| 2023-05-30 | 4 | $0.27 | 1.56% | 2023-04-25 | 2023-05-31 | 2023-06-15 |
| 2023-03-02 | 4 | $0.27 | 1.56% | 2023-02-14 | 2023-03-03 | 2023-03-15 |
| 2022-11-29 | 4 | $0.27 | 1.77% | 2022-10-26 | 2022-11-30 | 2022-12-15 |
| 2022-08-30 | 4 | $0.25 | 1.52% | 2022-08-03 | 2022-08-31 | 2022-09-15 |
| 2022-05-27 | 4 | $0.25 | 1.36% | 2022-04-26 | 2022-05-31 | 2022-06-15 |
| 2022-03-02 | 4 | $0.25 | 1.31% | 2022-02-09 | 2022-03-03 | 2022-03-15 |
| 2021-11-29 | 4 | $0.25 | 1.31% | 2021-10-28 | 2021-11-30 | 2021-12-15 |
| 2021-08-30 | 4 | $0.23 | 1.19% | 2021-07-28 | 2021-08-31 | 2021-09-15 |
| 2021-05-27 | 4 | $0.23 | 1.16% | 2021-04-28 | 2021-05-31 | 2021-06-15 |
| 2021-02-26 | 4 | $0.23 | 1.21% | 2021-02-17 | 2021-03-01 | 2021-03-15 |
| 2020-11-27 | 4 | $0.23 | 1.51% | 2020-10-27 | 2020-11-30 | 2020-12-15 |
When comparing Tennant's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Kennametal KMT having the highest annualized dividend yield at 3.13%.
Analyzing Tennant Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $0.88 to $1.02, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Tennant
From 2019 to 2022, Tennant experienced a growth in earnings per share, with an increase from $2.79 to $3.35. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Tennant and its implications for shareholders. Presently, the company is distributing a dividend of $0.27 per share, leading to an annualized dividend yield of 1.32%.
When comparing Tennant's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Kennametal having the highest annualized dividend yield at 3.13%.
The upward trend in dividend per share and earnings per share for Tennant from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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