TEGNA Inc. to Issue Quarterly Dividend of $0.07 (NYSE:TGNA)

TEGNA Inc. (NYSE:TGNA) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors 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 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, December 5th.

NYSE TGNA opened at $15.01 on Wednesday. The stock has a market capitalization of $3.33 billion, a P/E ratio of 8.20, a P/E/G ratio of 1.27 and a beta of 1.43. The business has a 50 day simple moving average of $15.38 and a 200 day simple moving average of $15.18. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.73 and a quick ratio of 1.73. TEGNA has a one year low of $10.24 and a one year high of $16.58.

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

Several research firms have recently weighed in on TGNA. ValuEngine upgraded shares of TEGNA from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. started coverage on shares of TEGNA in a research note on Monday, October 28th. They set a “neutral” rating and a $18.00 target price on the stock. Wolfe Research upgraded shares of TEGNA from a “market perform” rating to an “outperform” rating in a report on Monday, August 19th. Cannonball Research initiated coverage on shares of TEGNA in a research note on Wednesday, August 21st. They issued a “neutral” rating and a $17.00 price target for the company. Finally, Zacks Investment Research raised shares of TEGNA from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price 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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