Tegna Announces Quarterly Dividend

Shareholders of record as of Sept. 4 will receive 14 cents per share on Oct. 1.

Tegna Inc.’s board of directors today declared a dividend of 14 cents per share, payable on Oct. 1 to stockholders of record as of the close of business on Sept. 4.

On June 22, Tegna announced that the company expects to return approximately $1.5 billion to shareholders by the end of 2018 through a regular cash dividend of $0.56 per share annually and a $750 million share repurchase program to be completed over a three-year period.

“Tegna is well positioned to continue providing our shareholders with attractive returns, just as we’ve done the past several years,” said Gracia Martore, Tegna president-CEO. “We have top performing assets of scale in the high growth, high margin digital and broadcasting sectors, enabling us to continue our strategy for growth while returning meaningful capital directly to our investors.”

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Brian Bussey says:

July 29, 2015 at 5:09 pm

they could triple their stockholder returns by spending that money getting to number one in their markets.

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