Why NYSE:TGNA provides a good dividend, while having solid fundamentals.

Last update: Aug 22, 2024

Unearth the potential of TEGNA INC (NYSE:TGNA) as a dividend stock recommended by our stock screening tool. NYSE:TGNA maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

Deciphering NYSE:TGNA's Dividend Rating

ChartMill employs its own Dividend Rating system for all stocks. This score, on a scale of 0 to 10, is determined by evaluating different dividend factors, such as yield, historical performance, dividend growth, and sustainability. NYSE:TGNA has been assigned a 8 for dividend:

Compared to an average industry Dividend Yield of 4.30, TGNA pays a better dividend. On top of this TGNA pays more dividend than 87.10% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.29, TGNA pays a better dividend.
The dividend of TGNA is nicely growing with an annual growth rate of 8.19%!
TGNA has been paying a dividend for at least 10 years, so it has a reliable track record.
As TGNA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
18.99% 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

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:

With an excellent Altman-Z score value of 2.74, TGNA belongs to the best of the industry, outperforming 81.72% of the companies in the same industry.
TGNA has a Current Ratio of 2.58. This indicates that TGNA is financially healthy and has no problem in meeting its short term obligations.
TGNA has a Current ratio of 2.58. This is amongst the best in the industry. TGNA outperforms 81.72% of its industry peers.
TGNA has a Quick Ratio of 2.58. This indicates that TGNA is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.58, TGNA belongs to the best of the industry, outperforming 82.80% of the companies in the same industry.

Profitability Examination for 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:

With an excellent Return On Assets value of 6.24%, TGNA belongs to the best of the industry, outperforming 87.10% of the companies in the same industry.
With an excellent Return On Equity value of 15.78%, TGNA belongs to the best of the industry, outperforming 88.17% of the companies in the same industry.
The Return On Invested Capital of TGNA (6.50%) is better than 75.27% of its industry peers.
TGNA has a Profit Margin of 15.44%. This is amongst the best in the industry. TGNA outperforms 92.47% of its industry peers.
TGNA has a better Operating Margin (19.60%) than 93.55% of its industry peers.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

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

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.