Tegna Inc. serves local communities across the United States through journalism, content, and tools to help people navigate their daily lives. The Company is a producer of local news, producing more than 1,700 hours of news per week. Through its network affiliation and local sports rights agreements, it carries sports content, which includes professional and collegiate sports and the Olympics. It also owns multicast networks True Crime Network and Quest. Each television station has a digital presence across online, mobile, connected television, streaming and social platforms, reaching consumers on all devices and platforms they use to consume news content. It delivers results for advertisers across television, digital, connected TV (CTV) and streaming app platforms, including Premion, its streaming app and CTV advertising network. Premion and Gray Television, Inc. (Gray) are in a commercial arrangement under which Gray resells Premion services across all of Gray’s television markets.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 13.62%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 13.62%.
Overvalued
The company’s latest PE is 14.77, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 155.07M shares, decreasing 11.56% quarter-over-quarter.
Held by HOTCHKIS & WILEY
Star Investor HOTCHKIS & WILEY holds 331.32K shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 1.68.