Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Shares Up 0.1% – Still a Buy?

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE)’s share price rose 0.1% during trading on Tuesday . The stock traded as high as $23.70 and last traded at $23.5950. 2,468 shares were traded during trading, a decline of 83% from the average session volume of 14,925 shares. The stock had previously closed at $23.57.

Tennessee Valley Authority PARRS A 2029 Price Performance

The business has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $24.07.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 31st will be paid a $0.1385 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, July 31st.

Tennessee Valley Authority PARRS A 2029 Company Profile

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.