Tennant's latest quarterly cash dividend of $0.28 per share was issued to shareholders on record before Nov 29, 2023. The dividend distribution stands at $1.08 per share annually, which comes to a dividend yield of 1.26%. The latest TNC dividend of $0.28 is an increase from the previous $0.265 payout, representing a growth of 6%.
Tennant's dividend yield of 1.26% is higher than the industry average but lower than the Industrials sector average. In comparison with the Industrials sector average of 1.47%, Tennant's dividend yield is 14% lower. Historically TNC's dividend yield has averaged at 1.3% in the last 5 years, which is higher than the current one.
Tennant has been paying dividends for the last 29 years. Our records show that TNC has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 6% since twelve months ago. However with the price of the stock up by 34% from a year ago, the dividend yield has a decrease of 20%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 29, 2023 | Dec 15, 2023 | Oct 30, 2023 | $0.28 | normal |
| Aug 30, 2023 | Sep 15, 2023 | Aug 2, 2023 | $0.265 | normal |
| May 30, 2023 | Jun 15, 2023 | Apr 25, 2023 | $0.265 | normal |
| Mar 2, 2023 | Mar 15, 2023 | Feb 14, 2023 | $0.265 | normal |
| Nov 29, 2022 | Dec 15, 2022 | Oct 26, 2022 | $0.265 | normal |
| Aug 30, 2022 | Sep 15, 2022 | Aug 3, 2022 | $0.25 | normal |
| May 27, 2022 | Jun 15, 2022 | Apr 26, 2022 | $0.25 | normal |
| Mar 2, 2022 | Mar 15, 2022 | Feb 9, 2022 | $0.25 | normal |
| Nov 29, 2021 | Dec 15, 2021 | Oct 28, 2021 | $0.25 | normal |
| Aug 30, 2021 | Sep 15, 2021 | Jul 28, 2021 | $0.23 | normal |
| May 27, 2021 | Jun 15, 2021 | Apr 28, 2021 | $0.23 | normal |
| Feb 26, 2021 | Mar 15, 2021 | Feb 17, 2021 | $0.23 | normal |
| Nov 27, 2020 | Dec 15, 2020 | Oct 27, 2020 | $0.23 | normal |
| Aug 28, 2020 | Sep 15, 2020 | Aug 12, 2020 | $0.22 | normal |
| May 28, 2020 | Jun 15, 2020 | Apr 29, 2020 | $0.22 | normal |
| Feb 28, 2020 | Mar 16, 2020 | Feb 19, 2020 | $0.22 | normal |
| Nov 27, 2019 | Dec 16, 2019 | Nov 12, 2019 | $0.22 | normal |
| Aug 29, 2019 | Sep 16, 2019 | Aug 15, 2019 | $0.22 | normal |
| May 30, 2019 | Jun 14, 2019 | May 8, 2019 | $0.22 | normal |
| Feb 27, 2019 | Mar 15, 2019 | Feb 14, 2019 | $0.22 | normal |
| Nov 29, 2018 | Dec 14, 2018 | Nov 9, 2018 | $0.22 | normal |
| Aug 30, 2018 | Sep 14, 2018 | Aug 15, 2018 | $0.21 | normal |
| May 30, 2018 | Jun 15, 2018 | Apr 25, 2018 | $0.21 | normal |
| Feb 27, 2018 | Mar 15, 2018 | Feb 15, 2018 | $0.21 | normal |
| Nov 29, 2017 | Dec 15, 2017 | Nov 9, 2017 | $0.21 | normal |
| Aug 29, 2017 | Sep 15, 2017 | Aug 17, 2017 | $0.21 | normal |
| May 26, 2017 | Jun 15, 2017 | Apr 26, 2017 | $0.21 | normal |
| Feb 28, 2017 | Mar 15, 2017 | Feb 15, 2017 | $0.21 | normal |
| Nov 28, 2016 | Dec 15, 2016 | Oct 31, 2016 | $0.21 | normal |
| Aug 29, 2016 | Sep 15, 2016 | Aug 17, 2016 | $0.2 | normal |
Tennant's payout ratio of 19.4% is below the Industrials sector and the industry average. Compared to its Industrials sector average of 30.9%, Tennant's payout ratio is 37% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TNC Tennant Co | 1.26% | $1.08 | 19.4% |
| SXI Standex International Corp | 0.82% | $1.14 | 9.6% |
Yes, Tennant has paid four dividends in the last twelve months. TNC has been paying dividends since 1994.
At this point we don't have a record of TNC's next dividend date, but based on the current dividend schedule we project that it will likely be in February 2024.
Tennant's last dividend ex-date was on Nov 29, 2023. The dividend amount was $0.28 per share.
On an annual basis TNC pays $1.08 per share.
Tennant's current dividend yield is 1.26%.
Tennant pays dividends quarterly.
The dividend payout ratio of Tennant is 19.4%.
Tennant's dividend yield is lower than the Industrials sector average.