TEGNA (TGNA) Raises Quarterly Dividend 19.7% to $0.11375; 2.9% Yield

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Go back to TEGNA (TGNA) Raises Quarterly Dividend 19.7% to $0.11375; 2.9% Yield

TEGNA Inc. Announces $300 Million Accelerated Share Repurchase Agreement and Increases Regular Quarterly Dividend by 20% Following Termination of Merger Agreement with Standard General

May 22, 2023 4:48 PM EDT

Strong free cash flow from operations and significant financial flexibility position TEGNA to continue to create long-term shareholder value

TEGNA actively reviewing capital allocation strategy and committed to additional return of excess capital to shareholders

Company to hold investor call on May 25

TYSONS, Va.--(BUSINESS WIRE)-- TEGNA Inc. (NYSE: TGNA) today announced a $300 million accelerated share repurchase (ASR) program and a 20 percent increase in its quarterly dividend. These initial actions to return excess capital to shareholders follow the termination of... More