Why NYSE:TGNA is a Top Pick for Dividend Investors.

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.

Assessing Dividend 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 4.49, TGNA pays a better dividend. On top of this TGNA pays more dividend than 86.32% of the companies listed in the same industry.
• TGNA's Dividend Yield is rather good when compared to 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 14.64% of its income as dividend. This is a sustainable payout ratio.
• TGNA's earnings are growing more than its dividend. This makes the dividend growth sustainable.

Health Analysis for NYSE:TGNA

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:TGNA has achieved a 6 out of 10:

• TGNA has a better Altman-Z score (2.72) than 77.89% of its industry peers.
• Looking at the Debt to FCF ratio, with a value of 7.52, TGNA is in the better half of the industry, outperforming 64.21% of the companies in the same industry.
• TGNA has a Current Ratio of 2.53. This indicates that TGNA is financially healthy and has no problem in meeting its short term obligations.
• Looking at the Current ratio, with a value of 2.53, TGNA is in the better half of the industry, outperforming 77.89% of the companies in the same industry.
• A Quick Ratio of 2.53 indicates that TGNA has no problem at all paying its short term obligations.
• TGNA has a Quick ratio of 2.53. This is in the better half of the industry: TGNA outperforms 77.89% of its industry peers.

Profitability Insights: NYSE:TGNA

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:TGNA scores a 6 out of 10:

• TGNA has a better Return On Assets (7.88%) than 88.42% of its industry peers.
• With an excellent Return On Equity value of 20.02%, TGNA belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
• With a decent Return On Invested Capital value of 6.77%, TGNA is doing good in the industry, outperforming 73.68% of the companies in the same industry.
• TGNA's Profit Margin of 19.42% is amongst the best of the industry. TGNA outperforms 91.58% of its industry peers.
• The Operating Margin of TGNA (20.29%) is better than 89.47% of its industry peers.

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

For an up to date full fundamental analysis you can check the fundamental report of TGNA

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.