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TYSONS, Va. - TEGNA Inc. (NYSE:TGNA), a media company that operates 64 television stations across 51 U.S. markets, has declared a quarterly dividend of 12.5 cents per share. The dividend is payable on July 1, 2025, to shareholders on record as of June 6, 2025. According to InvestingPro data, TEGNA has maintained dividend payments for 55 consecutive years, with a current yield of 2.89%.
The announcement reflects the company’s ongoing commitment to providing value to its stockholders. With a market capitalization of $2.79 billion, TEGNA is known for delivering trusted local news and services, reaching over 100 million people monthly through various platforms, including the web, mobile apps, streaming, and linear television. InvestingPro analysis reveals the company maintains strong financial health with a ’GREAT’ overall score.
This regular dividend payout is part of TEGNA’s capital allocation strategy, which aims to support the company’s growth and maintain its position in the media industry. Trading at a P/E ratio of 6.12 and generating $3.07 billion in revenue over the last twelve months, TEGNA demonstrates solid financial performance. The decision to declare a dividend is based on the company’s financial health and outlook, as well as its desire to return value to its shareholders.
While the press release contains forward-looking statements regarding TEGNA’s future financial performance and strategic plans, such statements are subject to change and involve risks and uncertainties that could cause actual results to differ materially from expectations.
TEGNA’s forward-looking statements are based on projections, estimates, and assumptions made by the company’s management, and they emphasize that any changes in these assumptions or external factors could impact the company’s future performance.
The information provided in this article is based on a press release statement from TEGNA Inc.
In other recent news, TEGNA Inc. reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.37, compared to the forecasted $0.32. The company also surpassed revenue projections, reporting $680 million against a forecast of $677.48 million. Guggenheim responded to these results by increasing TEGNA’s stock price target from $20.00 to $22.00 and maintaining a Buy rating, citing the company’s robust financial position and strategic capital return plans. TEGNA’s adjusted EBITDA was $136 million, outperforming the predicted $126 million, and the company plans to return between 40% and 60% of its free cash flow to shareholders over the next two years. Despite a 5% year-over-year revenue decline due to reduced political advertising, TEGNA reported growth in digital ad revenue and maintained stable distribution revenue. The company is focusing on digital innovation and cost-cutting measures to navigate macroeconomic challenges. TEGNA’s management has expressed interest in merger and acquisition opportunities, particularly in light of potential deregulation. Additionally, the company has lowered its effective tax rate guidance for 2025 to 22-23%, which could positively impact net earnings.
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