Tennant hikes dividend by 8.7%

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Tennant Company (TNC) will raise its quarterly dividend by 8.7 percent to $0.25 per share in 2021. This follows a dividend hike of 4.5 percent last year. The increased dividend is payable December 15, 2021, to shareholders of record at the close of business on November 30, 2021.

“This new authorization marks the 50th consecutive year that Tennant has increased its annual cash dividend payout and reflects not only the strength of our capital position but also the board’s confidence in our business outlook,” said Dave Huml, Tennant Company’s President and Chief Executive Officer. “We are continuing to implement our key global strategies in order to drive sustainable growth and improve our operational efficiencies with a goal of generating long-term value for our shareholders.”

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