Tennant Company (TNC) to Issue Quarterly Dividend of $0.31 on September 15th

Tennant Company (NYSE:TNC) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Monday, August 31st will be given a dividend of 0.31 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st.

Tennant has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 53 years. Tennant has a payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tennant to earn $5.66 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 21.9%.

Tennant Stock Performance

NYSE:TNC opened at $70.12 on Friday. The stock’s 50-day simple moving average is $80.98 and its 200 day simple moving average is $78.48. The firm has a market capitalization of $1.20 billion, a PE ratio of 68.75, a price-to-earnings-growth ratio of 2.60 and a beta of 1.13. The company has a quick ratio of 1.37, a current ratio of 2.04 and a debt-to-equity ratio of 0.67. Tennant has a twelve month low of $60.17 and a twelve month high of $91.93.

Tennant (NYSE:TNC) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.50). The business had revenue of $324.00 million for the quarter, compared to analyst estimates of $329.55 million. Tennant had a return on equity of 13.32% and a net margin of 1.50%.The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. On average, analysts anticipate that Tennant will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TNC has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Tennant from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Zacks Research lowered shares of Tennant from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Wall Street Zen cut shares of Tennant from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.00.

Tennant Company Profile

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.