TEGNA Approves 10% Increase To Dividend From 11.375 Cents To 12.5 Cents Per Share, Which Builds On 20% Increase To Company's Dividend Last Year
Portfolio Pulse from Benzinga Newsdesk
TEGNA has announced a 10% increase in its dividend, raising it from 11.375 cents to 12.5 cents per share. This follows a 20% dividend increase last year. The new dividend rate will apply to quarterly payments starting July 1, 2024, for stockholders on record as of June 7, 2024.
May 08, 2024 | 12:06 pm
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TEGNA has increased its dividend by 10% to 12.5 cents per share, effective for the quarterly payment on July 1, 2024, for stockholders of record by June 7, 2024.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. TEGNA's announcement of a 10% dividend increase, following a 20% increase the previous year, suggests a strong financial position and commitment to returning value to shareholders. This is likely to be viewed positively by investors, potentially leading to a short-term uptick in TGNA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100