Is NYSE:TGNA suited for dividend investing?

Our stock screener has singled out TEGNA INC (NYSE:TGNA) as a promising choice for dividend investors. NYSE:TGNA not only scores well in profitability, solvency, and liquidity but also offers a decent dividend. We'll explore this further.

Exploring NYSE:TGNA's Dividend

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:

• Compared to an average industry Dividend Yield of 4.08, TGNA pays a better dividend. On top of this TGNA pays more dividend than 80.22% of the companies listed in the same industry.
• Compared to an average S&P500 Dividend Yield of 2.21, TGNA pays a bit more dividend than the S&P500 average.
• On average, the dividend of TGNA grows each year by 8.19%, which is quite nice.
• 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.
• The dividend of TGNA is growing, but earnings are growing more, so the dividend growth is sustainable.

Assessing Health 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's Altman-Z score of 2.84 is amongst the best of the industry. TGNA outperforms 83.52% of its industry peers.
• TGNA has a Debt to FCF ratio of 7.84. This is in the better half of the industry: TGNA outperforms 65.93% of its industry peers.
• 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's Current ratio of 2.58 is amongst the best of the industry. TGNA outperforms 80.22% 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 83.52% of the companies in the same industry.

Understanding NYSE:TGNA's Profitability

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

• TGNA's Return On Assets of 6.24% is amongst the best of the industry. TGNA outperforms 87.91% of its industry peers.
• The Return On Equity of TGNA (15.78%) is better than 84.62% of its industry peers.
• TGNA's Return On Invested Capital of 6.50% is fine compared to the rest of the industry. TGNA outperforms 74.73% of its industry peers.
• TGNA has a Profit Margin of 15.44%. This is amongst the best in the industry. TGNA outperforms 92.31% of its industry peers.
• TGNA's Operating Margin of 19.60% is amongst the best of the industry. TGNA outperforms 92.31% of its industry peers.

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