Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Plans $0.14 Quarterly Dividend

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) declared a quarterly dividend on Friday, January 1st. Investors of record on Friday, July 31st will be paid a dividend of 0.1385 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, July 31st.

Tennessee Valley Authority PARRS A 2029 Price Performance

NYSE TVE opened at $23.57 on Wednesday. The business has a 50 day simple moving average of $23.54 and a 200 day simple moving average of $23.98. Tennessee Valley Authority PARRS A 2029 has a 52-week low of $23.11 and a 52-week high of $24.73.

About Tennessee Valley Authority PARRS A 2029

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.