Tennessee Valley Authority PARRS A 2029 (NYSE:TVE – Get Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 9,166 shares, an increase of 399.8% from the June 15th total of 1,834 shares. Based on an average daily volume of 17,297 shares, the days-to-cover ratio is presently 0.5 days.
Tennessee Valley Authority PARRS A 2029 Stock Down 0.0%
TVE traded down $0.01 during mid-day trading on Friday, reaching $23.59. The stock had a trading volume of 1,674 shares, compared to its average volume of 14,652. The firm’s fifty day simple moving average is $23.57 and its two-hundred day simple moving average is $24.05. Tennessee Valley Authority PARRS A 2029 has a 52 week low of $23.10 and a 52 week high of $24.73.
Tennessee Valley Authority PARRS A 2029 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 31st will be paid a $0.1385 dividend. The ex-dividend date is Friday, July 31st. This represents a $0.55 dividend on an annualized basis and a yield of 2.3%.
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.
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