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

Last update: Aug 1, 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.

How do we evaluate the Dividend for NYSE:TGNA?

ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NYSE:TGNA was assigned a score of 8 for dividend:

TGNA's Dividend Yield is rather good when compared to the industry average which is at 4.38. TGNA pays more dividend than 85.71% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, 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.
TGNA pays out 14.64% 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.

How do we evaluate the Health for NYSE:TGNA?

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:TGNA, the assigned 6 reflects its health status:

With an excellent Altman-Z score value of 2.79, TGNA belongs to the best of the industry, outperforming 80.22% of the companies in the same industry.
TGNA has a Debt to FCF ratio of 7.52. This is in the better half of the industry: TGNA outperforms 65.93% of its industry peers.
A Current Ratio of 2.53 indicates that TGNA has no problem at all paying its short term obligations.
The Current ratio of TGNA (2.53) is better than 80.22% of its industry peers.
A Quick Ratio of 2.53 indicates that TGNA has no problem at all paying its short term obligations.
TGNA has a better Quick ratio (2.53) than 80.22% of its industry peers.

Profitability Analysis for NYSE:TGNA

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:TGNA has achieved a 6:

Looking at the Return On Assets, with a value of 7.88%, TGNA belongs to the top of the industry, outperforming 87.91% of the companies in the same industry.
TGNA has a better Return On Equity (20.02%) than 89.01% of its industry peers.
TGNA's Return On Invested Capital of 6.77% is fine compared to the rest of the industry. TGNA outperforms 75.82% of its industry peers.
With an excellent Profit Margin value of 19.42%, TGNA belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
TGNA's Operating Margin of 20.29% is amongst the best of the industry. TGNA outperforms 91.21% of its industry peers.

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

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

Disclaimer

This article should in no way be interpreted as advice. 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.