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Tennant Hikes Dividend By 6% – Tennant (NYSE:TNC) – Stocks to Watch
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Tennant Hikes Dividend By 6% – Tennant (NYSE:TNC)

ByShivani Kumaresan

Oct 27, 2022
Tennant Hikes Dividend By 6% - Tennant (NYSE:TNC)

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  • Tennant Company TNC said its Board of Directors authorized a 6% hike in its quarterly cash dividend to $0.265 per share.

  • The increased dividend is payable on December 15, 2022, to shareholders of record on November 30, 2022.

  • The increase marks Tennant’s fifty-first consecutive year of annual cash dividend increase.

  • “This increased dividend reflects the company’s strong financial foundation, disciplined capital allocation prioritization, and commitment to generating long-term value for our shareholders,” said CEO Dave Huml.

  • Tennant held $73.8 million in cash and equivalents as of June 30, 2022.

  • Price Action: TNC shares closed lower by 0.52% at $59.72 on Wednesday.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Image and article originally from www.benzinga.com. Read the original article here.

Shivani Kumaresan

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