Tennant Stock To Go Ex-dividend Tuesday (TNC)

NEW YORK ( TheStreet) -- The ex-dividend date for Tennant Company (NYSE: TNC) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 17 cents per share. At a price of $42.41 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Tennant has been 123,600 shares per day over the past 30 days. Tennant has a market cap of $792.7 million and is part of the industrial goods sector and industrial industry. Shares are up 8.6% year to date as of the close of trading on Thursday.

Tennant Company engages in the design, manufacture, and marketing cleaning solutions worldwide. The company has a P/E ratio of 25.6, above the average industrial industry P/E ratio of 25.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tennant as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tennant Ratings Report.

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