Analyzing NYSE:TGNA's Dividend Potential.

Last update: May 9, 2024

Consider TEGNA INC (NYSE:TGNA) as a top pick for dividend investors, identified by our stock screening tool. NYSE:TGNA shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

Dividend Examination for NYSE:TGNA

ChartMill assigns a Dividend Rating to each stock, ranging from 0 to 10. This rating is calculated by analyzing various dividend elements, such as yield, historical performance, dividend growth, and sustainability. NYSE:TGNA has been awarded a 8 for its dividend quality:

Compared to an average industry Dividend Yield of 4.21, TGNA pays a better dividend. On top of this TGNA pays more dividend than 83.16% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, 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 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.
17.59% of the earnings are spent on dividend by TGNA. This is a low number and sustainable payout ratio.
The dividend of TGNA is growing, but earnings are growing more, so the dividend growth is sustainable.

Evaluating Health: NYSE:TGNA

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:TGNA scores a 6 out of 10:

The Altman-Z score of TGNA (2.79) is better than 77.89% of its industry peers.
TGNA has a better Debt to FCF ratio (5.77) than 74.74% of its industry peers.
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 82.11% of its industry peers.
TGNA has a Quick 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 Quick ratio (2.48) than 82.11% of its industry peers.

Profitability Assessment of NYSE:TGNA

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 6 is a significant indicator of profitability:

TGNA has a Return On Assets of 6.78%. This is amongst the best in the industry. TGNA outperforms 90.53% of its industry peers.
TGNA has a better Return On Equity (17.56%) than 88.42% of its industry peers.
TGNA's Return On Invested Capital of 7.28% is fine compared to the rest of the industry. TGNA outperforms 76.84% of its industry peers.
TGNA has a Profit Margin of 16.32%. This is amongst the best in the industry. TGNA outperforms 90.53% of its industry peers.
TGNA has a better Operating Margin (21.33%) than 91.58% of its industry peers.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

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

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.