Is NYSE:TGNA a Good Fit for Dividend Investing?

Last update: Mar 6, 2024

TEGNA INC (NYSE:TGNA) has caught the attention of dividend investors as a stock worth considering. NYSE:TGNA excels in profitability, solvency, and liquidity, all while providing a decent dividend. Let's delve into the details.

How We Gauge Dividend for NYSE:TGNA

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:TGNA scores a 8 out of 10:

TGNA's Dividend Yield is rather good when compared to the industry average which is at 3.98. TGNA pays more dividend than 85.42% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, TGNA pays a bit more dividend than the S&P500 average.
The dividend of TGNA is nicely growing with an annual growth rate of 8.19%!
TGNA has been paying a dividend for at least 10 years, so it has a reliable track record.
TGNA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
TGNA pays out 17.59% of its income as dividend. This is a sustainable payout ratio.
The dividend of TGNA is growing, but earnings are growing more, so the dividend growth is sustainable.

Health Analysis for NYSE:TGNA

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NYSE:TGNA has earned a 6 out of 10:

TGNA has a Altman-Z score of 2.82. This is in the better half of the industry: TGNA outperforms 78.13% of its industry peers.
TGNA has a better Debt to FCF ratio (5.77) than 76.04% of its industry peers.
A Current Ratio of 2.48 indicates that TGNA has no problem at all paying its short term obligations.
TGNA has a better Current ratio (2.48) than 81.25% of its industry peers.
A Quick Ratio of 2.48 indicates that TGNA has no problem at all paying its short term obligations.
TGNA's Quick ratio of 2.48 is amongst the best of the industry. TGNA outperforms 82.29% of its industry peers.

Exploring NYSE:TGNA's Profitability

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:TGNA, the assigned 7 is a significant indicator of profitability:

With an excellent Return On Assets value of 6.78%, TGNA belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
Looking at the Return On Equity, with a value of 17.56%, TGNA belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
TGNA's Return On Invested Capital of 7.28% is fine compared to the rest of the industry. TGNA outperforms 79.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TGNA is above the industry average of 7.04%.
TGNA's Profit Margin of 16.32% is amongst the best of the industry. TGNA outperforms 91.67% of its industry peers.
The Operating Margin of TGNA (21.33%) is better than 92.71% of its industry peers.

More Best Dividend stocks can be found in our Best Dividend screener.

Check the latest full fundamental report of TGNA for a complete fundamental analysis.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.