Tennant Stock Price, News & Analysis

The Board of Directors of Tennant Company (NYSE: TNC) has declared a quarterly cash dividend of $0.265 per share. This dividend is payable on June 15, 2023, to shareholders on record as of May 31, 2023. Founded in 1870 and headquartered in Eden Prairie, Minnesota, Tennant Company generated $1.09 billion in sales in 2022 and employs approximately 4,250 people. The company specializes in cleaning solutions for various environments, including industrial and commercial sectors, and boasts the most extensive global field service network in the industry. Tennant's commitment to sustainable cleaning technologies positions them as a leader in promoting a cleaner and safer world.

Tennant Company (NYSE: TNC) has announced the release of two new compact ride-on sweepers, the S680 and S880, designed for versatile cleaning in various environments. These battery-operated machines cater to light- to medium-duty applications, emphasizing high productivity and maneuverability. Key features of the S680 include user-friendly controls, large hopper capacity, self-leveling systems, and fume-free operation. The S880 is equipped with an automatic filter cleaning system, durable construction, and dual side brushes for enhanced edge cleaning.

Shipments are expected to begin in mid-summer. With these innovations, Tennant aims to provide cleaning professionals with tailored solutions that meet diverse operational needs, reinforcing its position in the cleaning solutions market.