Tennant Company (NYSE:TNC) Increases Dividend to $0.33 Per Share

Tennant Company (NYSE:TNC) announced a quarterly dividend on Monday, November 2nd. Shareholders of record on Monday, November 30th will be paid a dividend of $0.3250 per share by the industrial products company on Tuesday, December 15th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, November 30th. This is a 4.8% increase from Tennant’s previous quarterly dividend of $0.31.

Tennant has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 53 consecutive years. Tennant has a dividend payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tennant to earn $5.66 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 21.9%.

Tennant Price Performance

Shares of NYSE:TNC opened at $69.06 on Tuesday. Tennant has a 1-year low of $60.17 and a 1-year high of $91.93. The firm has a market capitalization of $1.18 billion, a PE ratio of 67.71, a PEG ratio of 2.46 and a beta of 1.15. The business’s 50 day moving average is $67.70 and its 200-day moving average is $75.88. The company has a current ratio of 2.04, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67.

Tennant (NYSE:TNC) last released its quarterly earnings data on Monday, November 2nd. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.42. The business had revenue of $322.30 million for the quarter, compared to analysts’ expectations of $330.75 million. Tennant had a return on equity of 13.32% and a net margin of 1.50%. Tennant’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 earnings per share. Sell-side analysts predict that Tennant will post 3.84 earnings per share for the current year.

Key Tennant News

Here are the key news stories impacting Tennant this week:

• Positive Sentiment: Third-quarter adjusted EPS was $1.40, well above the FactSet consensus of $0.98 and the Zacks estimate of $0.93. The earnings beat is the primary positive catalyst for TNC stock. Earnings Flash: Tennant Company Posts Q3 Adjusted EPS
• Positive Sentiment: Revenue increased 6.2% year over year to $322.3 million, while quarterly net income rose 30.9% to $19.5 million from $14.9 million. Tennant Company Reports Third Quarter 2026 Results
• Positive Sentiment: Tennant raised its quarterly dividend to $0.325 per share from $0.31, representing roughly a 5% increase and a 1.9% indicated yield. The company has now increased its dividend for 55 consecutive years and paid dividends for 82 consecutive years. Tennant Company Increases Dividend
• Neutral Sentiment: The earnings beat came despite EPS declining from $1.46 in the year-ago quarter. Analysts currently expect approximately $3.84 in full-year EPS, making future earnings execution important given TNC’s elevated valuation.
• Negative Sentiment: Quarterly revenue of $322.3 million missed the $330.75 million consensus estimate, indicating that sales growth remains below expectations. Tennant Misses Q3 2026 Revenue Estimates
• Negative Sentiment: Net income for the first nine months fell 43.4% year over year to $27.3 million, despite nine-month sales increasing 3.5% to $944.2 million. This suggests ongoing pressure on cumulative profitability.

About Tennant

Tennant Company is a manufacturer of cleaning equipment and technologies for commercial, industrial and institutional customers. Its product portfolio includes floor scrubbers, sweepers, combination machines, carpet extractors, outdoor cleaning equipment and related vacuum systems. The company also offers cleaning solutions, replacement parts, maintenance programs and other services designed to support facility-management operations.

Tennant develops technology aimed at improving cleaning efficiency and reducing environmental impact.