Notable Dividend Flow: Tennant Company (NYSE:TNC) dividends will reach $0.21 on Dec 15, 2016, and this is why.

Notable Dividend Flow: Tennant Company (NYSE:TNC) dividends will reach $0.21 on Dec 15, 2016, and this is why.

Tennant Company (NYSE:TNC) is expected to pay $0.21 on Dec 15, 2016. The indicated annual dividend is $0.84. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Tennant Company’s current price of $76.50, the dividend is 0.27%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 1, 2016. The stock increased 0.72% or $0.55 on November 25, hitting $76.5. About 14,497 shares traded hands. Tennant Company (NYSE:TNC) has risen 36.97% since April 25, 2016 and is uptrending. It has outperformed by 30.96% the S&P500.

Tennant Company is engaged in designing, manufacturing and marketing cleaning solutions. The company has a market cap of $1.36 billion. The Firm is organized into four operating divisions: North America; Latin America; Europe, Middle East, Africa, and Asia Pacific. It has a 30.99 P/E ratio. The Firm offers products and solutions consisting of mechanized cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions, such as financing, rental and leasing programs, and machine-to-machine asset management solutions.

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.18, from 1.04 in 2016Q1. The ratio increased, as 13 funds sold all Tennant Company shares owned while 43 reduced positions. 16 funds bought stakes while 42 increased positions. They now own 15.12 million shares or 0.14% less from 15.14 million shares in 2016Q1.
The Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0.01% in Tennant Company (NYSE:TNC). Parametric Port Limited Liability Corp reported 53,208 shares or 0% of all its holdings. Geode Cap Management Limited Liability Company accumulated 0% or 119,831 shares. Cambridge Trust Commerce last reported 8,615 shares in the company. Ironwood Invest Limited Liability Co, a Massachusetts-based fund reported 13,587 shares. Rhumbline Advisers reported 26,455 shares or 0% of all its holdings. Invesco Ltd last reported 82,357 shares in the company. Ny State Common Retirement Fund has 18,700 shares for 0% of their US portfolio. Ameriprise Finance, a Minnesota-based fund reported 85,088 shares. Ubs Asset Mngmt Americas holds 7,854 shares or 0% of its portfolio. Blackrock Advsrs Limited Liability Co last reported 8,327 shares in the company. Citigroup last reported 10,529 shares in the company. Capstone Asset Mgmt reported 5,773 shares or 0.01% of all its holdings. Kalmar Invests Incorporated De has 62,489 shares for 0.15% of their US portfolio. Td Asset Management Inc last reported 8,591 shares in the company.

Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 4 sales for $3.58 million net activity. PAULSON THOMAS sold 14,981 shares worth $838,936. 12,158 shares were sold by Wilson Heidi M, worth $774,265 on Monday, August 1.

Tennant Company (NYSE:TNC) Ratings Coverage

Out of 2 analysts covering Tennant Co (NYSE:TNC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Tennant Co has been the topic of 2 analyst reports since October 28, 2015 according to StockzIntelligence Inc. Dougherty & Company maintained it with “Buy” rating and $67 target price in Wednesday, October 28 report.

More important recent Tennant Company (NYSE:TNC) news were published by: Nasdaq.com which released: “Tennant Company (TNC) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016, also Fool.com published article titled: “Tennant Company Falls Back Into Sales Declines”, Fool.com published: “Tennant Company’s Earnings Fall 22% on Growth Slowdown” on February 23, 2016. More interesting news about Tennant Company (NYSE:TNC) was released by: Businesswire.com and their article: “Tennant Company Expands in Mexico; Acquires Dofesa, a Long-Time Mexico …” with publication date: September 01, 2016.

TNC Company Profile

Tennant Company (Tennant), incorporated on January 8, 1909, is engaged in designing, manufacturing and marketing cleaning solutions. The Firm is organized into four operating divisions: North America; Latin America; Europe, Middle East, Africa, and Asia Pacific. The Firm offers products and solutions consisting of mechanized cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions, such as financing, rental and leasing programs, and machine-to-machine asset management solutions. The Company’s other products include floor maintenance and outdoor cleaning equipment, and asset management solutions. Tennant products are used in various types of environments, including retail establishments, distribution centers, factories and warehouses, public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, and parking lots and streets.

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