Marks 52nd Consecutive Increase in Annual Cash Dividend

The Board of Directors of Tennant Company (NYSE:TNC) today authorized to raise the quarterly cash dividend to $0.28 per share, a 5.7% increase. The increased dividend is payable December 15, 2023, to shareholders of record at the close of business on November 30, 2023.

"Our strong balance sheet, liquidity position and disciplined capital allocation program allow us to continue to grow our dividend and generate long-term value for our shareholders," said Tennant Company President and CEO Dave Huml.

Tennant Company has paid a cash dividend for the past 79 consecutive years and increased the dividend payout for 52 consecutive years.