ICS Magazine

Tennant declares cash dividend

August 16, 2001
Shareholders earn 20-cents per share

MINNEAPOLIS, Minn. -- The Tennant Company (NYSE: TNC) directors this month declared a regular cash dividend of 20 cents per share payable Sept. 14, to shareholders of record Aug. 31, 2001.

(Photo: http://www.newscom.com/cgi-bin/prnh/20000719/TENNLOGO)

There are approximately nine million shares of common stock currently outstanding.

In July, Tennant reported net earnings of $4.9 million, or 53-cents per diluted share, before unusual charges, on net sales of $110.7 million for the quarter ended June 30, 2001. In the comparable 2000 period, the company reported net earnings of $7.6 million, or 83-cents per diluted share, on net sales of $115.1 million.

Tennant is a manufacturer of nonresidential floor maintenance and outdoor cleaning equipment, floor coatings and related offerings. For more information about Tennant, visit http://www.tennantco.com.