TEGNA Announces Quarterly Dividend

Rhea-AI Summary

TEGNA Inc. (NYSE: TGNA) has announced a regular quarterly dividend of 12.5 cents per share, payable on October 1, 2024, to stockholders of record as of September 6, 2024. This dividend represents a 10 percent increase from the previous 11.375 cents per share, approved by TEGNA's Board in May 2024. The increase follows a 20 percent dividend hike implemented in 2023, demonstrating TEGNA's commitment to delivering value to shareholders through consistent dividend growth.

Positive

• 10% increase in quarterly dividend from 11.375 to 12.5 cents per share
• 20% dividend increase in 2023, showing consistent growth
• Demonstrates company's commitment to shareholder value

Negative

• None.

TYSONS, Va.--(BUSINESS WIRE)-- TEGNA Inc.’s (NYSE: TGNA) Board of Directors declared a regular quarterly dividend of 12.5 cents per share, payable on October 1, 2024, to stockholders of record as of the close of business on September 6, 2024.

In May 2024, TEGNA’s Board approved a 10 percent increase to the Company’s regular quarterly dividend, from 11.375 to 12.5 per share. This increase builds on a 20 percent increase to TEGNA’s dividend in 2023.

About TEGNA

TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. With 64 television stations in 51 U.S. markets, TEGNA is the largest owner of top 4 network affiliates in the top 25 markets among independent station groups, reaching approximately 39 percent of all television households nationwide. TEGNA also owns leading multicast networks True Crime Network and Quest. TEGNA offers innovative solutions to help businesses reach consumers across television, digital and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service. For more information, visit www.TEGNA.com.

Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this communication, the words “believes,” “estimates,” “plans,” “expects,” “should,” “could,” “outlook,” and “anticipates” and similar expressions as they relate to the Company or its financial results are intended to identify forward-looking statements. Forward-looking statements in this communication may include, without limitation, statements regarding anticipated growth rates and the Company's plans, objectives and expectations. Forward-looking statements are based on a number of assumptions about future events and are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from the views, beliefs, projections and estimates expressed in such statements, many of which are outside the Company’s control. These risks, uncertainties and other factors include, but are not limited to, risks and uncertainties related to: changes in the market price of the Company's shares; general market conditions, constraints, volatility, or disruptions in the capital markets; the possibility that the Company's capital allocation plan, including dividends, share repurchases, and/or strategic acquisitions, investments, and partnerships may not enhance long-term stockholder value; legal proceedings, judgments or settlements the Company's ability to re-price or renew subscribers; potential regulatory actions; changes in consumer behaviors and impacts on and modifications to TEGNA's operations and business relating thereto; and economic, competitive, governmental, technological and other factors and risks that may affect the Company's operations or financial results, which are discussed in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statements in this communication should be evaluated in light of these important risk factors. The Company is not responsible for updating the information contained in this communication beyond the published date, or for changes made to this press release by wire services, Internet service providers or other media.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240723507390/en/

For media inquiries:

Anne Bentley

Vice President, Chief Communications Officer

703-873-6366

abentley@TEGNA.com

For investor inquiries:

Julie Heskett

Senior Vice President, Chief Financial Officer

703-873-6747

investorrelations@TEGNA.com

Source: TEGNA Inc.

FAQ

What is TEGNA's new quarterly dividend amount for 2024?

TEGNA's new quarterly dividend is 12.5 cents per share, representing a 10% increase from the previous amount.

When will TEGNA (TGNA) pay its next quarterly dividend?

TEGNA will pay its next quarterly dividend on October 1, 2024, to stockholders of record as of September 6, 2024.

How much has TEGNA increased its dividend in recent years?

TEGNA increased its dividend by 10% in 2024 and 20% in 2023, showing a pattern of consistent dividend growth.

What is the record date for TEGNA's (TGNA) upcoming dividend payment?

The record date for TEGNA's upcoming dividend payment is September 6, 2024.