Why NYSE:TGNA qualifies as a good dividend investing stock.

Our stock screener has spotted TEGNA INC (NYSE:TGNA) as a good dividend stock with solid fundamentals. NYSE:TGNA shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

Evaluating Dividend: 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 4.02. TGNA pays more dividend than 83.15% of the companies in the same industry.
• TGNA's Dividend Yield is a higher than the S&P500 average which is at 2.19.
• 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.
• TGNA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
• TGNA pays out 18.99% 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.

Evaluating Health: NYSE:TGNA

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NYSE:TGNA was assigned a score of 6 for health:

• TGNA has a better Altman-Z score (2.79) than 82.02% of its industry peers.
• Looking at the Debt to FCF ratio, with a value of 7.84, TGNA is in the better half of the industry, outperforming 62.92% 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.
• With an excellent Current ratio value of 2.58, TGNA belongs to the best of the industry, outperforming 82.02% of the companies in the same industry.
• A Quick Ratio of 2.58 indicates that TGNA has no problem at all paying its short term obligations.
• With an excellent Quick ratio value of 2.58, TGNA belongs to the best of the industry, outperforming 83.15% of the companies in the same industry.

Profitability Examination for 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 (6.24%) than 86.52% of its industry peers.
• TGNA's Return On Equity of 15.78% is amongst the best of the industry. TGNA outperforms 86.52% of its industry peers.
• Looking at the Return On Invested Capital, with a value of 6.50%, TGNA is in the better half of the industry, outperforming 73.03% of the companies in the same industry.
• TGNA's Profit Margin of 15.44% is amongst the best of the industry. TGNA outperforms 92.13% of its industry peers.
• With an excellent Operating Margin value of 19.60%, TGNA belongs to the best of the industry, outperforming 93.26% of the companies in the same industry.

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

Check the latest full fundamental report of TGNA for a complete fundamental analysis.

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.