Its first quarter 2022 earnings report comes on May 9. It could very well be its last as a publicly traded company, as regulators mull a bid by Standard General, with non-voting financial partner Apollo Global Management, for TEGNA.
Ahead of that quarterly earnings review, TEGNA’s board gave the OK for a regular quarterly dividend.
The Board of Directors at the company once known as Gannett declared a regular quarterly dividend of 9.5 cents per share. The dividend is payable on July 1 to stockholders of record as of the close of business on June 3.
TEGNA stock is right in its sweet spot. With a 1-year target price of $22.67, trading was at $22.31 as of 2:30pm Eastern on April 28.
That said, TGNA has been relatively steady for two months, with little movement in either direction.