Elevating Investor Returns: Tennant Delivers Strong Performance and Growing Profits
Portfolio Pulse from Benzinga Insights
Tennant (NYSE:TNC) is set to distribute a dividend payout of $0.27 per share on September 15, 2023, equating to an annualized dividend yield of 1.32%. The company has shown a steady increase in its dividend per share from $0.88 to $1.02 between 2019 and 2022. Tennant's earnings per share also increased from $2.79 to $3.35 during the same period. The company's dividend yield is mid-range compared to its industry peers, with Kennametal (NYSE:KMT) having the highest annualized dividend yield at 3.13%.
September 15, 2023 | 3:05 pm
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POSITIVE IMPACT
Kennametal has the highest annualized dividend yield at 3.13% among Tennant's industry peers. This could make the stock attractive to income-seeking investors.
Kennametal's high annualized dividend yield could make the stock attractive to income-seeking investors, potentially leading to increased demand for the stock and a rise in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Tennant's consistent dividend payouts and increasing earnings per share indicate a strong financial position, which could attract income-seeking investors and potentially boost the stock price.
Tennant's consistent dividend payouts and increasing earnings per share indicate a strong financial position. This could attract income-seeking investors, potentially leading to increased demand for the stock and a rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100