TEGNA Inc. (TGNA) to Issue Quarterly Dividend of $0.07 on January 2nd

TEGNA Inc. (NYSE:TGNA) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.07 per share on Thursday, January 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, December 5th.

NYSE TGNA opened at $15.10 on Tuesday. TEGNA has a 12 month low of $10.24 and a 12 month high of $16.58. The company has a 50-day moving average of $15.38 and a 200-day moving average of $15.19. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $3.33 billion, a P/E ratio of 8.25, a P/E/G ratio of 1.27 and a beta of 1.43.

TEGNA (NYSE:TGNA) last released its earnings results on Thursday, November 7th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. TEGNA had a net margin of 16.15% and a return on equity of 24.84%. The firm had revenue of $551.86 million during the quarter, compared to the consensus estimate of $540.52 million. During the same period in the previous year, the firm earned $0.40 earnings per share. TEGNA’s revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that TEGNA will post 1.2 EPS for the current year.

A number of equities analysts have weighed in on TGNA shares. ValuEngine upgraded shares of TEGNA from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Zacks Investment Research raised TEGNA from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday, November 4th. Barrington Research reiterated a “buy” rating and issued a $20.00 target price on shares of TEGNA in a report on Thursday, November 14th. Wolfe Research raised TEGNA from a “market perform” rating to an “outperform” rating in a research report on Monday, August 19th. Finally, Wells Fargo & Co initiated coverage on TEGNA in a research report on Tuesday, September 24th. They set a “market perform” rating and a $17.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.44.

About TEGNA

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.

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Dividend History for TEGNA (NYSE:TGNA)

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