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MINNEAPOLIS - Tennant Company (NYSE:TNC) announced Tuesday that its board of directors has declared a regular quarterly cash dividend of $0.295 per share, representing a 1.43% yield. The dividend will be payable on September 15, 2025, to shareholders of record at the close of business on August 29, 2025. According to InvestingPro data, Tennant has maintained dividend payments for 55 consecutive years, with 32 years of consecutive increases.
Tennant Company, headquartered in Eden Prairie, Minnesota, specializes in the design, manufacture, and marketing of surface maintenance equipment and cleaning solutions. With a market capitalization of $1.57 billion, the company reported sales of $1.29 billion in 2024 and employs approximately 4,500 people globally. InvestingPro analysis shows the company maintains strong financial health with a solid current ratio of 2.14.
The company maintains manufacturing operations worldwide and sells its products directly in 21 countries, with distribution networks extending to more than 100 countries.
This dividend announcement comes as part of the company’s regular quarterly dividend schedule. Tennant Company, founded in 1870, has established itself as a provider of equipment for maintaining surfaces in industrial, commercial, and outdoor environments.
The information in this article is based on a press release statement issued by Tennant Company.
In other recent news, Tennant Company has introduced the Z50 Citadel Outdoor Sweeper, which combines mechanical and vacuum sweeping technologies. This new product aims to address various debris types in both industrial and municipal environments. The Z50 Citadel is equipped with a TwinLift Debris Management System, integrating a mechanical broom, high-powered airflow, and an industrial shredder. According to Tennant’s press release, this system is designed to capture both fine dust and larger debris efficiently. This development highlights Tennant’s continued innovation in cleaning technology. There were no updates on Tennant’s earnings or revenue in the recent announcements. Additionally, no mergers or analyst upgrades or downgrades have been reported. These recent developments reflect Tennant’s focus on enhancing its product offerings.
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