WASHINGTON, D.C. — The board of directors for publicly traded broadcast television station owner TEGNA Inc. has declared a regular quarterly dividend, payable to shareholders of record as of the close of business on September 6.
The shareholder bonus is $0.125 per share, payable October 1.
That’s a healthy bump from the previous dividend of $0.11375, and reflects a 10% increase approved in May by TEGNA’s board.
Furthermore, it builds on a 20% increase to TEGNA’s dividend in 2023.
TEGNA stock was priced at $15.79 just before 1pm Eastern. Year-to-date, “TGNA” is up 3.2%.
Furthermore, TEGNA stock is 5% higher than it was five years ago — another thorn in the side of Standard General head Soohyung Kim, who was unsuccessful in both gaining greater sway through a board seat and, after that, moving forward with his proposed acquisition of TEGNA with financial commitments from Cox Media Group controlling interest holder Apollo Global Management.
