Tennant Company Increases Quarterly Dividend To $0.28 Per Share
Portfolio Pulse from Benzinga Newsdesk
Tennant Company (NYSE:TNC) has announced a 5.7% increase in its quarterly cash dividend to $0.28 per share, marking the 52nd consecutive annual increase. The dividend will be payable on December 15, 2023, to shareholders of record as of November 30, 2023. The company has paid a cash dividend for the past 79 consecutive years.
October 30, 2023 | 3:09 pm
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Tennant Company's decision to increase its quarterly cash dividend could be seen as a sign of financial health and stability, potentially making the stock more attractive to income-focused investors.
Dividend increases are often seen as a sign of a company's financial health and stability. This could make Tennant Company's stock more attractive to income-focused investors, potentially leading to increased demand for the stock and a positive impact on its price in the short term.
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