Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) to Issue Quarterly Dividend of $0.14

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) announced a quarterly dividend on Friday, January 1st. Investors of record on Thursday, April 30th will be given a dividend of 0.1385 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, April 30th.

Tennessee Valley Authority PARRS A 2029 Price Performance

Shares of NYSE TVE opened at $24.07 on Tuesday. The stock has a 50 day moving average price of $24.23 and a 200 day moving average price of $24.24. Tennessee Valley Authority PARRS A 2029 has a 52 week low of $22.86 and a 52 week high of $24.73.

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.