Tennant Co. Plans Quarterly Dividend of $0.20 (TNC)
Tennant (NYSE:TNC) announced a quarterly dividend on Wednesday, August 20th, ARN reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.20 per share on Monday, September 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.10%.
A number of analysts have recently weighed in on TNC shares. Analysts at Jefferies Group raised their price target on shares of Tennant from $63.00 to $64.00 in a research note on Friday, July 25th. They now have a “hold” rating on the stock. Analysts at Dougherty & Co upgraded shares of Tennant from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. They now have a $80.00 price target on the stock.
Shares of Tennant (NYSE:TNC) traded down 1.08% on Wednesday, hitting $72.42. 53,668 shares of the company’s stock traded hands. Tennant has a 1-year low of $51.19 and a 1-year high of $77.78. The stock’s 50-day moving average is $73.54 and its 200-day moving average is $66.7. The company has a market cap of $1.331 billion and a price-to-earnings ratio of 32.54.
Tennant (NYSE:TNC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.07. The company had revenue of $219.10 million for the quarter, compared to the consensus estimate of $207.33 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Tennant will post $2.64 EPS for the current fiscal year.
Tennant Company (NYSE:TNC), designs, manufactures and markets solutions that help create a cleaner, safer, healthier world.
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