Balancing Dividends and Fundamentals: The Case of NYSE:TGNA.

Our stock screener has singled out TEGNA INC (NYSE:TGNA) as a promising choice for dividend investors. NYSE:TGNA not only scores well in profitability, solvency, and liquidity but also offers a decent dividend. We'll explore this further.

A Closer Look at 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 4.31. TGNA pays more dividend than 85.42% of the companies in the same industry.
• TGNA's Dividend Yield is a higher than the S&P500 average which is at 2.39.
• On average, the dividend of TGNA grows each year by 8.19%, which is quite nice.
• TGNA has paid a dividend for at least 10 years, which is a reliable track record.
• As TGNA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
• 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.

Exploring NYSE:TGNA's Health

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:TGNA, the assigned 6 for health provides valuable insights:

• With a decent Altman-Z score value of 2.77, TGNA is doing good in the industry, outperforming 78.13% of the companies in the same industry.
• Looking at the Debt to FCF ratio, with a value of 5.77, TGNA is in the better half of the industry, outperforming 77.08% of the companies in the same industry.
• TGNA has a Current Ratio of 2.48. This indicates that TGNA is financially healthy and has no problem in meeting its short term obligations.
• TGNA has a better Current ratio (2.48) than 82.29% of its industry peers.
• A Quick Ratio of 2.48 indicates that TGNA has no problem at all paying its short term obligations.
• Looking at the Quick ratio, with a value of 2.48, TGNA belongs to the top of the industry, outperforming 82.29% of the companies in the same industry.

Profitability Insights: NYSE:TGNA

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:TGNA, the assigned 6 is noteworthy for profitability:

• TGNA's Return On Assets of 6.78% is amongst the best of the industry. TGNA outperforms 90.63% of its industry peers.
• TGNA's Return On Equity of 17.56% is amongst the best of the industry. TGNA outperforms 88.54% of its industry peers.
• TGNA has a better Return On Invested Capital (7.28%) than 78.13% of its industry peers.
• TGNA has a better Profit Margin (16.32%) than 90.63% of its industry peers.
• Looking at the Operating Margin, with a value of 21.33%, TGNA belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.

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

Our latest full fundamental report of TGNA contains the most current fundamental analsysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.