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Tennant Company Board Authorizes 5 Percent Quarterly Dividend Increase

Directors of Tennant Company (NYSE: TNC) recently authorized a 5 percent increase in the company’s quarterly cash dividend to 22 cents per share. The increased dividend is payable

Chris Killingstad joined the Company in April 2002 as Vice President, North America and was named President and CEO in 2005.

 

December 14 to shareholders of record at the close of business on November 30. As a result, 2018 marks the 47th consecutive year that the company has increased its annual cash dividend payout.

 

Commenting on the new authorization, Chris Killingstad, Tennant Company’s President and Chief Executive Officer, said, “We remain confident in our key global strategies to drive sustainable growth and improve our operational efficiencies in order to continue generating long-term value for our share holders. This new authorization reflects the board’s confidence in our business and the strength of our capital position.”

 

ABOUT TENNANT:
Founded in 1870, Tennant Company (TNC), headquartered in Minneapolis, Minnesota, is a world leader in designing, manufacturing and marketing solutions that empower customers to achieve quality cleaning performance, reduce their environmental impact and help create a cleaner, safer, healthier world.