Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Raises Dividend to $86.56 Per Share

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Friday, January 30th will be given a dividend of 86.5625 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1,411.8%. The ex-dividend date of this dividend is Friday, January 30th. This is a 62,400.0% increase from Tennessee Valley Authority PARRS A 2029’s previous quarterly dividend of $0.14.

Tennessee Valley Authority PARRS A 2029 Stock Up 0.1%

NYSE:TVE opened at $24.53 on Wednesday. The firm’s 50 day moving average is $24.30 and its 200 day moving average is $23.94. Tennessee Valley Authority PARRS A 2029 has a 12 month low of $22.25 and a 12 month 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.