TEGNA Announces Quarterly Dividend
July 23 2024 - 11:28AM
Business Wire
TEGNA Inc.’s (NYSE: TGNA) Board of Directors declared a regular
quarterly dividend of 12.5 cents per share, payable on October 1,
2024, to stockholders of record as of the close of business on
September 6, 2024.
In May 2024, TEGNA’s Board approved a 10 percent increase to the
Company’s regular quarterly dividend, from 11.375 to 12.5 per
share. This increase builds on a 20 percent increase to TEGNA’s
dividend in 2023.
About TEGNA
TEGNA Inc. (NYSE: TGNA) is an innovative media company that
serves the greater good of our communities. Across platforms, TEGNA
tells empowering stories, conducts impactful investigations and
delivers innovative marketing solutions. With 64 television
stations in 51 U.S. markets, TEGNA is the largest owner of top 4
network affiliates in the top 25 markets among independent station
groups, reaching approximately 39 percent of all television
households nationwide. TEGNA also owns leading multicast networks
True Crime Network and Quest. TEGNA offers innovative solutions to
help businesses reach consumers across television, digital and
over-the-top (OTT) platforms, including Premion, TEGNA’s OTT
advertising service. For more information, visit www.TEGNA.com.
Forward-Looking Statements
This communication includes forward-looking statements within
the meaning of the “safe harbor” provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. When used in this
communication, the words “believes,” “estimates,” “plans,”
“expects,” “should,” “could,” “outlook,” and “anticipates” and
similar expressions as they relate to the Company or its financial
results are intended to identify forward-looking statements.
Forward-looking statements in this communication may include,
without limitation, statements regarding anticipated growth rates
and the Company's plans, objectives and expectations.
Forward-looking statements are based on a number of assumptions
about future events and are subject to various risks, uncertainties
and other factors that may cause actual results to differ
materially from the views, beliefs, projections and estimates
expressed in such statements, many of which are outside the
Company’s control. These risks, uncertainties and other factors
include, but are not limited to, risks and uncertainties related
to: changes in the market price of the Company's shares; general
market conditions, constraints, volatility, or disruptions in the
capital markets; the possibility that the Company's capital
allocation plan, including dividends, share repurchases, and/or
strategic acquisitions, investments, and partnerships may not
enhance long-term stockholder value; legal proceedings, judgments
or settlements the Company's ability to re-price or renew
subscribers; potential regulatory actions; changes in consumer
behaviors and impacts on and modifications to TEGNA's operations
and business relating thereto; and economic, competitive,
governmental, technological and other factors and risks that may
affect the Company's operations or financial results, which are
discussed in our Annual Report on Form 10-K and Quarterly Reports
on Form 10-Q. Any forward-looking statements in this communication
should be evaluated in light of these important risk factors. The
Company is not responsible for updating the information contained
in this communication beyond the published date, or for changes
made to this press release by wire services, Internet service
providers or other media.
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version on businesswire.com: https://www.businesswire.com/news/home/20240723507390/en/
For media inquiries: Anne Bentley Vice President, Chief
Communications Officer 703-873-6366 abentley@TEGNA.com
For investor inquiries: Julie Heskett Senior Vice
President, Chief Financial Officer 703-873-6747
investorrelations@TEGNA.com
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