Tennant Co. has declared an increased quarterly dividend of US$0.25 per share on the company’s common stock, up 9 per cent from the previous quarter.

The dividend is payable December 15 to shareholders of record at the close of business November 30.

“This new authorisation marks the 50th consecutive year that Tennant has increased its annual cash dividend payout and reflects not only the strength of our capital position but also the board’s confidence in our business outlook,” said Dave Huml, Tennant president and CEO.

“We are continuing to implement our key global strategies in order to drive sustainable growth and improve our operational efficiencies with a goal of generating long-term value for our shareholders.”

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