Why TEGNA INC (NYSE:TGNA) qualifies as a good dividend investing stock.

Our stock screener has singled out TEGNA INC (NYSE:TGNA) as a promising choice for dividend investors. TGNA not only scores well in profitability, solvency, and liquidity but also offers a decent dividend. We'll explore this further.

How We Gauge Dividend for TGNA

ChartMill employs its own Dividend Rating system for all stocks. This score, on a scale of 0 to 10, is determined by evaluating different dividend factors, such as yield, historical performance, dividend growth, and sustainability. TGNA has been assigned a 7 for dividend:

• Compared to an average industry Dividend Yield of 5.06, TGNA pays a better dividend. On top of this TGNA pays more dividend than 80.41% of the companies listed in the same industry.
• TGNA's Dividend Yield is a higher than the S&P500 average which is at 2.57.
• On average, the dividend of TGNA grows each year by 11.34%, which is quite nice.
• TGNA has been paying a dividend for at least 10 years, so it has a reliable track record.
• As TGNA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
• TGNA pays out 13.62% of its income as dividend. This is a sustainable payout ratio.

Evaluating Health: TGNA

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. TGNA has earned a 7 out of 10:

• TGNA has a Altman-Z score of 2.90. This is amongst the best in the industry. TGNA outperforms 86.60% of its industry peers.
• The Debt to FCF ratio of TGNA (4.86) is better than 77.32% of its industry peers.
• A Current Ratio of 2.92 indicates that TGNA has no problem at all paying its short term obligations.
• TGNA has a better Current ratio (2.92) than 88.66% of its industry peers.
• TGNA has a Quick Ratio of 2.92. This indicates that TGNA is financially healthy and has no problem in meeting its short term obligations.
• TGNA has a Quick ratio of 2.92. This is amongst the best in the industry. TGNA outperforms 88.66% of its industry peers.

Profitability Insights: TGNA

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of TGNA, the assigned 8 is noteworthy for profitability:

• The Return On Assets of TGNA (8.16%) is better than 89.69% of its industry peers.
• With an excellent Return On Equity value of 19.89%, TGNA belongs to the best of the industry, outperforming 90.72% of the companies in the same industry.
• TGNA has a Return On Invested Capital of 8.96%. This is amongst the best in the industry. TGNA outperforms 83.51% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for TGNA is above the industry average of 6.94%.
• TGNA has a better Profit Margin (19.26%) than 93.81% of its industry peers.
• TGNA's Profit Margin has improved in the last couple of years.
• TGNA has a Operating Margin of 25.41%. This is amongst the best in the industry. TGNA outperforms 96.91% of its industry peers.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

Our latest full fundamental report of TGNA contains the most current fundamental analsysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.