Is NYSE:TGNA suited for dividend investing?

TEGNA INC (NYSE:TGNA) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:TGNA demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

A Closer Look at Dividend for NYSE:TGNA

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:TGNA has received a 7 out of 10:

• Compared to an average industry Dividend Yield of 4.46, TGNA pays a bit more dividend than its industry peers.
• Compared to an average S&P500 Dividend Yield of 2.28, 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.
• TGNA pays out 16.59% 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.

Analyzing Health Metrics

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:

• TGNA has a better Altman-Z score (2.87) than 85.06% of its industry peers.
• TGNA has a Debt to FCF ratio of 6.15. This is in the better half of the industry: TGNA outperforms 66.67% of its industry peers.
• A Current Ratio of 2.60 indicates that TGNA has no problem at all paying its short term obligations.
• TGNA has a Current ratio of 2.60. This is in the better half of the industry: TGNA outperforms 78.16% of its industry peers.
• A Quick Ratio of 2.60 indicates that TGNA has no problem at all paying its short term obligations.
• TGNA has a Quick ratio of 2.60. This is in the better half of the industry: TGNA outperforms 79.31% of its industry peers.

How do we evaluate the Profitability 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 7 out of 10:

• With an excellent Return On Assets value of 6.85%, TGNA belongs to the best of the industry, outperforming 89.66% of the companies in the same industry.
• Looking at the Return On Equity, with a value of 17.17%, TGNA belongs to the top of the industry, outperforming 88.51% of the companies in the same industry.
• TGNA's Return On Invested Capital of 7.52% is fine compared to the rest of the industry. TGNA outperforms 79.31% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for TGNA is above the industry average of 6.90%.
• TGNA has a Profit Margin of 16.67%. This is amongst the best in the industry. TGNA outperforms 93.10% of its industry peers.
• The Operating Margin of TGNA (22.20%) is better than 95.40% 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

Keep in mind

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.