- Tennant Company (NYSE:TNC) said its Board of Directors authorized a 6% hike in its quarterly cash dividend to $0.265 per share.
- The increased dividend is payable on December 15, 2022, to shareholders of record on November 30, 2022.
- The increase marks Tennant’s fifty-first consecutive year of annual cash dividend increase.
- “This increased dividend reflects the company’s strong financial foundation, disciplined capital allocation prioritization, and commitment to generating long-term value for our shareholders,” said CEO Dave Huml.
- Tennant held $73.8 million in cash and equivalents as of June 30, 2022.
- Price Action: TNC shares closed lower by 0.52% at $59.72 on Wednesday.
Taiwan-Based Formosa Pharmaceuticals Has Entered Into A Collaboration Agreement With Eyenovia For The Development Of Ophthalmic Therapeutics. Deal Terms Not Disclosed
The collaboration will combine Formosa's proprietary APNT nanoparticle formulation platform with Eyenovia's Optejet dispensing technology for the development of new ophthalmic therapies
