MCLEAN, Va.--(BUSINESS WIRE)--TEGNA Inc.’s (NYSE: TGNA) Board of Directors today declared a dividend of 7 cents per share, payable on October 2, 2017 to stockholders of record as of the close of business on September 8, 2017. As announced leading up to the spin-off of Cars.com, which was completed on May 31, 2017, TEGNA expects to pay a regular cash dividend of $0.28 per share annually.
“TEGNA continues to prioritize investment in growth opportunities and intends to maintain the financial flexibility to pursue strategic acquisitions when appropriate,” said Dave Lougee, president and CEO, TEGNA. “We are focused on accelerating growth of our multi-platform businesses, growing subscriber revenues, reaching new audiences and investing in new business models while continuing to deliver value to shareholders.”
TEGNA Inc. (NYSE: TGNA) is an innovative media company that serves the greater good of our communities. With 46 stations in 38 markets, TEGNA delivers relevant content and information to consumers across platforms. It is the largest owner of top 4 affiliates in the top 25 markets, reaching approximately one-third of all television households nationwide. Each month, TEGNA reaches 50 million adults on-air and 32 million across its digital platforms. TEGNA has been consistently honored with the industry’s top awards, including Edward R. Murrow, George Polk, Alfred I. DuPont and Emmy Awards. TEGNA delivers results for advertisers through unparalleled and innovative solutions including OTT local advertising network Premion, centralized marketing resource Hatch, and G/O Digital, a one-stop shop for local businesses to connect with consumers through digital marketing. Across platforms, TEGNA tells empowering stories, conducts impactful investigations and delivers innovative marketing solutions. For more information, visit www.TEGNA.com.