Why the dividend investor may take a look at TEGNA INC (NYSE:TGNA).

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.

Dividend Assessment of 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:

• Compared to an average industry Dividend Yield of 4.51, TGNA pays a better dividend. On top of this TGNA pays more dividend than 80.43% of the companies listed in the same industry.
• Compared to an average S&P500 Dividend Yield of 2.30, TGNA pays a bit more dividend than the S&P500 average.
• The dividend of TGNA is nicely growing with an annual growth rate of 11.34%!
• TGNA has been paying a dividend for at least 10 years, so it has a reliable track record.
• TGNA has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
• 13.62% of the earnings are spent on dividend by TGNA. This is a low number and sustainable payout ratio.

Looking at the Health

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 7 reflects its health status:

• With an excellent Altman-Z score value of 2.95, TGNA belongs to the best of the industry, outperforming 85.87% of the companies in the same industry.
• TGNA has a Debt to FCF ratio of 5.32. This is in the better half of the industry: TGNA outperforms 75.00% of its industry peers.
• A Current Ratio of 2.92 indicates that TGNA has no problem at all paying its short term obligations.
• TGNA's Current ratio of 2.92 is amongst the best of the industry. TGNA outperforms 89.13% of its industry peers.
• A Quick Ratio of 2.92 indicates that TGNA has no problem at all paying its short term obligations.
• With an excellent Quick ratio value of 2.92, TGNA belongs to the best of the industry, outperforming 90.22% of the companies in the same industry.

Understanding NYSE:TGNA's Profitability

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 8 out of 10:

• TGNA's Return On Assets of 8.16% is amongst the best of the industry. TGNA outperforms 89.13% of its industry peers.
• Looking at the Return On Equity, with a value of 19.89%, TGNA belongs to the top of the industry, outperforming 90.22% of the companies in the same industry.
• With an excellent Return On Invested Capital value of 8.96%, TGNA belongs to the best of the industry, outperforming 85.87% of the companies in the same industry.
• Measured over the past 3 years, the Average Return On Invested Capital for TGNA is above the industry average of 6.94%.
• With an excellent Profit Margin value of 19.26%, TGNA belongs to the best of the industry, outperforming 93.48% of the companies in the same industry.
• TGNA's Profit Margin has improved in the last couple of years.
• TGNA has a better Operating Margin (25.41%) than 96.74% of its industry peers.

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

Our latest full fundamental report of TGNA contains the most current fundamental analsysis.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.