Uncovering Dividend Opportunities with NYSE:TGNA.

Last update: Dec 10, 2024

TEGNA INC (NYSE:TGNA) has caught the attention of dividend investors as a stock worth considering. NYSE:TGNA excels in profitability, solvency, and liquidity, all while providing a decent dividend. Let's delve into the details.

How do we evaluate the Dividend for NYSE:TGNA?

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. NYSE:TGNA earns a 7 out of 10:

TGNA's Dividend Yield is a higher than the industry average which is at 4.19.
Compared to an average S&P500 Dividend Yield of 2.20, 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.
TGNA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
16.59% 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

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 2.89 is amongst the best of the industry. TGNA outperforms 83.52% of its industry peers.
TGNA has a better Debt to FCF ratio (6.15) than 67.03% of its industry peers.
TGNA has a Current Ratio of 2.60. This indicates that TGNA is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.60, TGNA is doing good in the industry, outperforming 76.92% of the companies in the same industry.
TGNA has a Quick Ratio of 2.60. This indicates that TGNA is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.60, TGNA is in the better half of the industry, outperforming 78.02% of the companies in the same industry.

Profitability Insights: NYSE:TGNA

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:TGNA, the assigned 7 is a significant indicator of profitability:

TGNA has a better Return On Assets (6.85%) than 89.01% of its industry peers.
TGNA has a better Return On Equity (17.17%) than 87.91% of its industry peers.
TGNA's Return On Invested Capital of 7.52% is fine compared to the rest of the industry. TGNA outperforms 79.12% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TGNA is above the industry average of 6.97%.
Looking at the Profit Margin, with a value of 16.67%, TGNA belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
TGNA has a Operating Margin of 22.20%. This is amongst the best in the industry. TGNA outperforms 95.60% of its industry peers.

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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.