Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) to Issue $0.14 Quarterly Dividend

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) announced a quarterly dividend on Thursday, September 3rd. Stockholders of record on Friday, October 30th will be given a dividend of 0.1385 per share on Monday, November 2nd. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 30th.

Tennessee Valley Authority PARRS A 2029 Stock Performance

Shares of NYSE:TVE opened at $23.44 on Friday. The firm has a fifty day moving average price of $23.53 and a 200 day moving average price of $23.80. Tennessee Valley Authority PARRS A 2029 has a fifty-two week low of $23.32 and a fifty-two week high of $24.73.

Tennessee Valley Authority PARRS A 2029 Company Profile

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.