Tennant Company (TNC) to Issue Quarterly Dividend of $0.31 on September 15th

Tennant Company (NYSE:TNC) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Monday, August 31st will be given a dividend of 0.31 per share by the industrial products company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 31st.

Tennant has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 53 consecutive years. Tennant has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Tennant to earn $6.41 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 19.3%.

Tennant Price Performance

Tennant stock opened at $87.00 on Thursday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 52.41, a PEG ratio of 2.49 and a beta of 1.13. Tennant has a one year low of $60.17 and a one year high of $91.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.41. The business has a fifty day moving average price of $86.83 and a 200-day moving average price of $79.57.

Tennant (NYSE:TNC) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.50). Tennant had a return on equity of 14.87% and a net margin of 2.55%.The firm had revenue of $324.00 million during the quarter, compared to analysts’ expectations of $329.55 million. During the same period in the prior year, the company earned $1.49 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. Tennant has set its FY 2026 guidance at 3.800-4.450 EPS. As a group, equities research analysts forecast that Tennant will post 5.12 EPS for the current year.

More Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Second-quarter sales increased 1.7% year over year to $324.0 million, while revenue for the first six months rose 2.2% to $621.9 million. Tennant Company Reports Second Quarter 2026 Results
• Positive Sentiment: Tennant maintained its quarterly dividend at $0.31 per share, payable September 15 to shareholders of record August 31, supporting the stock’s income appeal. Tennant dividend announcement
• Neutral Sentiment: The company’s updated full-year revenue outlook of approximately $1.3 billion is broadly in line with analyst expectations, suggesting sales momentum is holding up despite weaker earnings.
• Negative Sentiment: Tennant reported adjusted quarterly earnings of $0.83 per share, below the Zacks consensus estimate of $1.23 and down from $1.49 a year earlier. Another consensus measure cited a $1.33 estimate, highlighting the significant size of the miss. Tennant Lags Q2 Earnings Estimates
• Negative Sentiment: Net income fell 62.4% year over year to $7.6 million, while reported diluted EPS was $0.44 versus $1.49 in the prior-year quarter. The company’s net margin was only 2.55%.
• Negative Sentiment: Management guided to fiscal 2026 EPS of $3.80-$4.45, well below the $5.12 analyst consensus. The lower profit outlook is likely the main catalyst for investor caution because it indicates earnings pressure may persist even as revenue remains stable.

Tennant Company Profile

Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant’s product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.

Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.