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TYSONS, Va. - TEGNA Inc. (NYSE:TGNA), a U.S.-based media company, has declared a regular quarterly dividend of 12.5 cents per share. The dividend is payable on April 1, 2025, to shareholders on record as of March 7, 2025. This continues TEGNA’s impressive 54-year streak of consecutive dividend payments, with dividend growth of nearly 10% over the last twelve months. According to InvestingPro, this is just one of several positive indicators for the company, with additional insights available to subscribers. This announcement follows the company’s ongoing commitment to provide returns to its investors while serving local communities with trustworthy journalism and marketing solutions.
TEGNA operates 64 television stations across 51 markets in the United States, reaching an average of over 100 million people monthly through various platforms, including web, mobile apps, streaming services, and linear television. With a market capitalization of $2.96 billion and annual revenue of $2.96 billion, the company maintains a strong financial position, earning a "GREAT" overall financial health score from InvestingPro. The company’s portfolio aims to engage audiences with compelling content while offering businesses customized marketing opportunities to enhance their growth and presence in the market.
The forward-looking statements in the press release indicate TEGNA’s expectations for future financial performance and strategic plans, which are subject to change and carry the inherent risks and uncertainties of any projections. The company’s strong performance is evident in its 35.6% price return over the past six months, and InvestingPro’s Fair Value analysis suggests the stock is currently undervalued, presenting a potential opportunity for investors seeking detailed insights through Pro Research Reports. The company emphasizes that these statements are based on management’s current views and assumptions and should be considered with their potential for inaccuracy due to factors beyond the company’s control.
TEGNA’s announcement is part of its regular communications with its stakeholders, including media and investors, and reflects the company’s confidence in its financial stability and business strategy moving forward.
This dividend declaration is part of TEGNA’s capital allocation framework, which is designed to balance investment in growth with returning value to shareholders. The company has not disclosed any changes to its intentions or expectations but notes that such changes could occur without public notice.
The information provided is based on a press release statement from TEGNA Inc. and is intended to inform shareholders and the public of the company’s latest financial developments.
In other recent news, TEGNA Inc. has been the subject of a revised forecast by Guggenheim, which maintains a buy rating on the company’s stock with a steady target of $22. The firm’s analysts have adjusted their financial model for TEGNA, taking into account challenges in core advertising and pressures on retransmission revenues due to the ongoing decline of the pay-TV landscape. As a result, TEGNA’s revenue forecast for 2025 is now $2.76 billion, down from the previous estimate of $2.85 billion, and EBITDA expectations have been lowered to $610 million from $687 million.
Despite these adjustments, Guggenheim’s outlook remains positive, noting TEGNA’s strong financial position and its potential to capitalize on deregulation opportunities. The firm anticipates that TEGNA will execute $300 million in stock buybacks and pay out $79 million in dividends in 2025. The company also plans to distribute between 40% to 60% of its free cash flow in the form of dividends and buybacks over the next two years, while maintaining a net leverage ratio of approximately 3.0 times.
In more recent developments, TEGNA has announced a regular quarterly dividend of 12.5 cents per share, payable on January 2, 2025. This announcement aligns with TEGNA’s financial strategies and capital allocation plan, including dividends, share repurchases, and strategic investments, with the objective of enhancing long-term shareholder value. However, the company acknowledges that market conditions and various risks could impact its operations and financial outcomes.
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