Tennant Company (TNC) To Go Ex-Dividend on February 27th

Tennant Company (NYSE:TNC) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 27th will be given a dividend of 0.31 per share by the industrial products company on Monday, March 16th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 27th.

Tennant has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 53 consecutive years. Tennant has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tennant to earn $7.17 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 17.3%.

Tennant Stock Performance

Shares of NYSE TNC opened at $62.95 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Tennant has a 12 month low of $60.40 and a 12 month high of $88.63. The stock has a 50 day moving average of $77.93 and a 200-day moving average of $78.46. The company has a market capitalization of $1.14 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.55 and a beta of 1.05.

About Tennant

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.