Tennant's latest quarterly cash dividend of $0.265 per share was issued to shareholders on record before Mar 2, 2023. The dividend distribution stands at $1.03 per share annually, which comes to a dividend yield of 1.58%.
Tennant's dividend yield of 1.58% is higher than the Industrials sector and the industry average. But in comparison with the Industrials sector average of 1.52%, Tennant's dividend yield is only 3.9% higher. Historically TNC's dividend yield has averaged at 1.3% in the last 5 years, which is lower 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 7% since twelve months ago. And with the price of the stock down by 23% from a year ago, the dividend yield has an increase of 40%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 28.8% is above the Industrials sector average but below the industry average. But compared to its Industrials sector average of 28.3%, Tennant's payout ratio is only 1.8% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TNC Tennant Co | 1.58% | $1.03 | 28.8% |
| SXI Standex International Corp | 0.95% | $1.08 | 18.6% |
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 June 2023.
Tennant's last dividend ex-date was on Mar 2, 2023. The dividend amount was $0.265 per share.
On an annual basis TNC pays $1.03 per share.
Tennant's current dividend yield is 1.58%.
Tennant pays dividends quarterly.
The dividend payout ratio of Tennant is 28.8%.
Tennant's dividend yield is in line with the Industrials sector average.