TEGNA shareholders will be getting a small bonus soon, as the company’s Board of Directors on Thursday declared a dividend of 7 cents per share.
The dividend is payable on April 2 to stockholders of record as of the close of business on March 9.
“We continue to deliver a strong return for shareholders by remaining focused on transforming our content, sales and marketing offerings,” said TEGNA President/CEO Dave Lougee. “We continue to be well-positioned with a strong balance sheet, multiple revenue opportunities and the flexibility to invest opportunistically in order to create value for shareholders while serving the greater good of our communities.”
The news of the dividend comes as TEGNA shares dipped 39 cents, to $13.60, on Thursday. In immediate after-hours trading, TGNA shares gained back 26 cents with shares at $13.89 as of 4:11pm Eastern.
TEGNA has had a relatively stable 12 months on Wall Street, with its stock dipping to $11.78 on Oct. 30 after peaking at $16.79 on March 6, 2017. On Jan. 22, 2018, TEGNA rebounded to $15.59 before its current up-and-down movement.
How did other companies fare in Thursday’s trading? Please visit our Wall Street Report at the homepage of RBR.com.