Tennant Company Boosts Quarterly Dividend for Shareholders
Tennant Company Announces Dividend Increase
The Board of Directors of Tennant Company (NYSE: TNC) has officially declared an increase in the quarterly cash dividend to $0.295 per share, marking a substantial 5.4% rise. This new dividend will be made payable on December 16, 2024, rewarding shareholders who are on record as of the close of business on November 29, 2024.
Commitment to Shareholder Value
Dave Huml, President and CEO of Tennant Company, expressed the company's dedication to its shareholders. Huml mentioned, "We take pride in our strong dividend legacy and remain committed to delivering long-term value for our shareholders in line with our capital allocation priorities. Our solid balance sheet and robust free cash flow position allow us to steadily grow our dividend and return capital to our shareholders." This commitment showcases Tennant’s strategic focus on maintaining shareholder satisfaction and financial integrity.
A Legacy of Dividend Payments
Tennant Company has an impressive history of providing dividends, having consistently paid a cash dividend for 80 consecutive years and increased the payout for 53 years straight. This remarkable track record not only highlights the company’s stability but also provides confidence for current and prospective investors regarding their investment in Tennant Company.
About Tennant Company
Founded in 1870, Tennant Company (TNC) is headquartered in Eden Prairie, Minnesota, and is recognized globally as a leader in designing, manufacturing, and marketing innovative solutions for maintaining cleaner and safer environments. The company’s diverse range of products includes equipment tailored for industrial, commercial, and outdoor cleaning – promoting sustainable practices with detergent-free cleaning technologies.
Global Presence
With a solid global footprint, Tennant Company serves customers in 20 countries directly and distributes products in over 100 additional countries. The company reported sales of $1.24 billion in 2023, further emphasizing its capability and reach within the industry.
Commitment to Innovation
Tennant Company continues to prioritize innovation, ensuring that they remain at the forefront of cleaning technologies. Their extensive global field service network is unrivaled, marking Tennant as a go-to partner for cleaning equipment and solutions.
Frequently Asked Questions
What is the new quarterly dividend amount for Tennant Company?
Tennant Company has announced a new quarterly dividend of $0.295 per share.
When will the new dividend be payable?
The new dividend will be payable on December 16, 2024.
How long has Tennant Company been paying dividends?
Tennant Company has paid a cash dividend for 80 consecutive years.
What is Tennant Company's revenue?
Tennant Company reported sales of $1.24 billion in 2023.
In how many countries does Tennant Company operate?
Tennant Company operates directly in 20 countries and distributes in more than 100 countries.
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