Tennant Board Authorizes Repurchase of Additional One Million Shares
Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of $0.17 cents per share payable June 15, 2012, to shareholders of record at the close of business on May 31, 2012.
Tennant's board of directors also authorized a new share repurchase program of up to one million shares of the company's common stock. This is in addition to approximately 618,000 shares remaining under its current repurchase program. Share repurchases under these programs may be made through open market and privately negotiated transactions from time to time and in amounts that management deems appropriate. The timing of share repurchases will depend upon market conditions and other corporate considerations. Tennant has approximately 18,800,000 shares outstanding.
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