Is NYSE:TGNA suited for dividend investing?

Take a closer look at TEGNA INC (NYSE:TGNA), a stock of interest to dividend investors uncovered by our stock screener. NYSE:TGNA excels in fundamentals and provides a decent dividend, all while maintaining a reasonable valuation. Let's break it down further.

Evaluating Dividend: NYSE:TGNA

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:TGNA has received a 8 out of 10:

• TGNA's Dividend Yield is rather good when compared to the industry average which is at 4.40. TGNA pays more dividend than 84.21% of the companies in the same industry.
• Compared to an average S&P500 Dividend Yield of 2.37, TGNA pays a better dividend.
• 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.
• 14.64% of the earnings are spent on dividend by TGNA. This is a low number and sustainable payout ratio.
• TGNA's earnings are growing more than its dividend. This makes the dividend growth sustainable.

Health Analysis for NYSE:TGNA

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:

• TGNA has a Altman-Z score of 2.75. This is in the better half of the industry: TGNA outperforms 77.89% of its industry peers.
• With a decent Debt to FCF ratio value of 7.52, TGNA is doing good in the industry, outperforming 64.21% of the companies in the same industry.
• A Current Ratio of 2.53 indicates that TGNA has no problem at all paying its short term obligations.
• TGNA's Current ratio of 2.53 is fine compared to the rest of the industry. TGNA outperforms 77.89% of its industry peers.
• A Quick Ratio of 2.53 indicates that TGNA has no problem at all paying its short term obligations.
• With a decent Quick ratio value of 2.53, TGNA is doing good in the industry, outperforming 77.89% of the companies in the same industry.

Profitability Analysis for 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 7.88%. This is amongst the best in the industry. TGNA outperforms 88.42% of its industry peers.
• Looking at the Return On Equity, with a value of 20.02%, TGNA belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
• TGNA has a Return On Invested Capital of 6.77%. This is in the better half of the industry: TGNA outperforms 72.63% of its industry peers.
• TGNA has a Profit Margin of 19.42%. This is amongst the best in the industry. TGNA outperforms 91.58% of its industry peers.
• With an excellent Operating Margin value of 20.29%, TGNA belongs to the best of the industry, outperforming 88.42% 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.

Disclaimer

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.