Tennant Company
TNC38 yrs growthIndustrials · Stock · quarterly payer
Forward Yield
1.43%
Annual Dividend
$1.24
Payout Ratio
72%
5-Yr Growth
6.0%
Ex-Date
May 29, 2026
Frequency
Quarterly
Summary
As of June 2026, Tennant Company (TNC) yields 1.43% ($1.24 per share annually), with a blended fair-value estimate of $106.87 — +23% upside, so it screens as undervalued. Dividend safety grade: A (93/100). 38 years of dividend growth.
Is TNC a good dividend stock?
YesTennant Company (TNC) pays a quarterly dividend yielding 1.43% ($1.24/yr), with 38 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 38 consecutive years of growth
- Never cut its dividend on record
- Strong 6.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.43%
- Payout Ratio
- 72%
- Annual Dividend
- $1.24
- 5-Yr Avg Growth
- 6.0%
- Ex-Dividend Date
- May 29, 2026
- Years of Growth
- 38
- Frequency
- quarterly
- Beta
- 1.12
- Market Cap
- $1.5B
- P/E Ratio
- 51.7
- 5-Yr Total Return
- 9%
- 52-Week Range
- $60.18 – $88.86
- Dividend Safety
- A · 93/100
- Ever Cut?
- No
Frequently Asked Questions
TNC Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+7%
5 Years
+9%
52-Week Range
$60.18 – $88.86
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TNC worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Tennant Company is $106.87 per share, versus a market price of $86.88. That implies 23% of upside — a margin of safety of about 19%.
Fair Value
$106.87
Current Price
$86.88
Upside
+23%
Margin of Safety
19%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 10.7% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.9% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.68 EPS, $1.24 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TNC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 29, 2026 | — | $0.3100 | regular |
| Feb 27, 2026 | — | $0.3100 | regular |
| Nov 28, 2025 | — | $0.3100 | regular |
| Aug 29, 2025 | — | $0.2950 | regular |
| May 30, 2025 | — | $0.2950 | regular |
| Feb 28, 2025 | — | $0.2950 | regular |
| Nov 29, 2024 | — | $0.2950 | regular |
| Aug 30, 2024 | — | $0.2800 | regular |
| May 31, 2024 | — | $0.2800 | regular |
| Feb 28, 2024 | — | $0.2800 | regular |
| Nov 29, 2023 | — | $0.2800 | regular |
| Aug 30, 2023 | — | $0.2650 | regular |
| May 30, 2023 | — | $0.2650 | regular |
| Mar 2, 2023 | — | $0.2650 | regular |
Income Calculator
At $1.24 / yr per share
