Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. It markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.
Tennant Dividend Announcement
• Tennant announced a quarterly dividend of $0.29 per ordinary share which will be made payable on 2024-12-16. Ex dividend date: 2024-11-29
• Tennant annual dividend for 2024 was $1.14
• Tennant annual dividend for 2023 was $1.08
• Tennant's trailing twelve-month (TTM) dividend yield is 1.33%
• Tennant's payout ratio for the trailing twelve months (TTM) is 19.61%
• Tennant's dividend growth over the last five years (2018-2023) was 4.81% year
• Tennant's dividend growth over the last ten years (2013-2023) was 4.09% year
Tennant Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-29 | $0.29 | quarterly | 2024-12-16 |
2024-08-30 | $0.28 | quarterly | 2024-09-16 |
2024-05-31 | $0.28 | quarterly | 2024-06-14 |
2024-02-28 | $0.28 | quarterly | 2024-03-15 |
2023-11-29 | $0.28 | quarterly | 2023-12-15 |
2023-08-30 | $0.27 | quarterly | 2023-09-15 |
2023-05-30 | $0.27 | quarterly | 2023-06-15 |
2023-03-02 | $0.27 | quarterly | 2023-03-15 |
2022-11-29 | $0.27 | quarterly | 2022-12-15 |
2022-08-30 | $0.25 | quarterly | 2022-09-15 |
2022-05-27 | $0.25 | quarterly | 2022-06-15 |
2022-03-02 | $0.25 | quarterly | 2022-03-15 |
2021-11-29 | $0.25 | quarterly | 2021-12-15 |
2021-08-30 | $0.23 | quarterly | 2021-09-15 |
2021-05-27 | $0.23 | quarterly | 2021-06-15 |
2021-02-26 | $0.23 | quarterly | 2021-03-15 |
2020-11-27 | $0.23 | quarterly | 2020-12-15 |
2020-08-28 | $0.22 | quarterly | 2020-09-15 |
2020-05-28 | $0.22 | quarterly | 2020-06-15 |
2020-02-28 | $0.22 | quarterly | 2020-03-16 |
2019-11-27 | $0.22 | quarterly | 2019-12-16 |
2019-08-29 | $0.22 | quarterly | 2019-09-16 |
2019-05-30 | $0.22 | quarterly | 2019-06-14 |
2019-02-27 | $0.22 | quarterly | 2019-03-15 |
2018-11-29 | $0.22 | quarterly | 2018-12-14 |
2018-08-30 | $0.21 | quarterly | 2018-09-14 |
2018-05-30 | $0.21 | quarterly | 2018-06-15 |
2018-02-27 | $0.21 | quarterly | 2018-03-15 |
2017-11-29 | $0.21 | quarterly | 2017-12-15 |
2017-08-29 | $0.21 | quarterly | 2017-09-15 |
2017-05-26 | $0.21 | quarterly | 2017-06-15 |
2017-02-28 | $0.21 | quarterly | 2017-03-15 |
2016-11-28 | $0.21 | quarterly | 2016-12-15 |
2016-08-29 | $0.20 | quarterly | 2016-09-15 |
2016-05-26 | $0.20 | quarterly | 2016-06-15 |
2016-02-25 | $0.20 | quarterly | 2016-03-15 |
2015-11-25 | $0.20 | quarterly | 2015-12-15 |
2015-08-27 | $0.20 | quarterly | 2015-09-15 |
2015-05-27 | $0.20 | quarterly | 2015-06-15 |
2015-02-26 | $0.20 | quarterly | 2015-03-16 |
2014-11-25 | $0.20 | quarterly | 2014-12-15 |
2014-08-28 | $0.20 | quarterly | 2014-09-15 |
2014-05-28 | $0.20 | quarterly | 2014-06-16 |
2014-02-27 | $0.18 | quarterly | 2014-03-17 |
2013-11-26 | $0.18 | quarterly | 2013-12-16 |
2013-08-28 | $0.18 | quarterly | 2013-09-16 |
2013-05-29 | $0.18 | quarterly | 2013-06-17 |
2013-02-26 | $0.18 | quarterly | 2013-03-15 |
Tennant Dividend per year
Tennant Dividend growth
Tennant Dividend Yield
Tennant current trailing twelve-month (TTM) dividend yield is 1.33%. Interested in purchasing Tennant stock? Use our calculator to estimate your expected dividend yield:
Tennant Financial Ratios
Tennant Dividend FAQ
Other factors to consider when evaluating Tennant as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Tennant's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Tennant publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Tennant distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Tennant are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Tennant sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Tennant distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tennant declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Tennant's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Tennant's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.