Tennant Company Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

Tennant Company (NYSE: TNC) declared a regular quarterly cash dividend of $0.28 per share, payable June 14, 2024, to shareholders of record on May 31, 2024. Founded in 1870, Tennant is a global leader in cleaner and healthier world solutions with sales of $1.24 billion in 2023.

Positive

• Regular quarterly cash dividend declaration signifies financial stability and commitment to shareholders.

• Tennant Company's long-standing history since 1870 establishes a solid foundation and credibility in the industry.

• Tennant's innovative products for maintaining cleaner, safer, and healthier environments highlight its commitment to sustainability and innovation.

• Strong global field service network enhances customer satisfaction and market reach.

Negative

• Dependence on the industrial, commercial, and outdoor cleaning sectors can make Tennant vulnerable to economic downturns affecting these industries.

• Potential risks associated with manufacturing operations and selling products directly in a number of countries.

• diversification in product offerings may pose challenges in adapting to changing market trends.

MINNEAPOLIS--(BUSINESS WIRE)--

Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of $0.28 per share payable June 14, 2024, to shareholders of record at the close of business on May 31, 2024.

Company Profile

Founded in 1870, Tennant Company (NYSE: TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world. Its innovative products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant's global field service network is the most extensive in the industry. Tennant Company had sales of $1.24 billion in 2023 and has approximately 4,500 employees. Tennant has manufacturing operations throughout the world and sells products directly in 15 countries and through distributors in more than 100 countries. For more information, visit www.tennantco.com and www.ipcworldwide.com

Category: Dividends

View source version on businesswire.com: https://www.businesswire.com/news/home/20240501503291/en/

INVESTOR CONTACT:

Lorenzo Bassi

Vice President, Finance and Investor Relations

investors@tennantco.com

763-540-1242

Source: Tennant Company

FAQ

When is Tennant Company's regular quarterly cash dividend payable?

Tennant Company's regular quarterly cash dividend of $0.28 per share is payable on June 14, 2024.

What is Tennant Company's stock symbol?

Tennant Company's stock symbol is TNC and it is listed on the NYSE.

How many employees does Tennant Company have?

Tennant Company has approximately 4,500 employees.

What are Tennant Company's main products?

Tennant Company's main products include equipment for maintaining surfaces, sustainable cleaning technologies, and cleaning tools and supplies.