Tennant Co. (TNC) Raises Quarterly Dividend 5% to $0.21 and Approves Additional 1M Share Buyback

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Go back to Tennant Co. (TNC) Raises Quarterly Dividend 5% to $0.21 and Approves Additional 1M Share Buyback

Tennant Company Board Authorizes 5 Percent Quarterly Dividend Increase and Repurchase of Additional One Million Shares

October 31, 2016 5:00 PM EDT

MINNEAPOLIS--(BUSINESS WIRE)-- Directors of Tennant Company (NYSE: TNC) today authorized a 5 percent increase in the companys quarterly cash dividend to 21 cents per share. The increased dividend is payable December 15, 2016, to shareholders of record at the close of business on November 30, 2016. As a result, 2016 marks the 45th consecutive year that the company has increased its annual cash dividend payout.

The Tennant board of directors also authorized a new share repurchase program of up to one million shares of the companys common stock. This is in addition to approximately 395,000 shares remaining under its... More