Tennant Authorizes Share Repurchases and Declares Regular
Quarterly Cash Dividend
MINNEAPOLIS, Nov. 10 /PRNewswire-FirstCall/ -- The Board of Directors of
Tennant Company (NYSE:TNC) today authorized the purchase of up to 400,000
shares of the company's common stock and declared a regular cash dividend of 22
cents per share payable December 15, 2004, to shareholders of record November
30, 2004.
Share repurchases will be made from time to time in the open market or through
privately negotiated transactions, primarily to offset the dilutive effects of
shares issued through the company's stock-based compensation programs.
There are approximately 9,000,000 shares of stock currently outstanding.
Company Profile
Minneapolis-based Tennant Company (NYSE:TNC) is a world leader in designing,
manufacturing and marketing solutions that help create a cleaner, safer world.
Its products include equipment for maintaining surfaces in industrial,
commercial and outdoor environments; and coatings for protecting, repairing and
upgrading concrete floors. Tennant's global field service network is the most
extensive in the industry. Tennant has manufacturing operations in
Minneapolis, Minn., Holland, Mich., Uden, The Netherlands and Northampton,
United Kingdom and sells products directly in 15 countries and through
distributors in more than 50 countries. For more information, visit
http://www.tennantco.com/ . DATASOURCE: Tennant Company CONTACT: INVESTOR, Tony Brausen, Vice President, Chief Financial Officer & Treasurer, +1-763-540-1553, or MEDIA, Kathryn Lovik, Corporate Communications Manager, +1-763-540-1212, both of Tennant Company Web site: http://www.tennantco.com/
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