Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Shares Climb 0.6% – What’s Next?

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) shot up 0.6% during mid-day trading on Friday. The company traded as high as $23.22 and last traded at $23.18. Approximately 18,574 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 13,049 shares. The stock had previously closed at $23.05.

Tennessee Valley Authority PARRS A 2029 Trading Up 0.6%

The company has a fifty day moving average price of $23.45 and a 200 day moving average price of $23.68.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be paid a dividend of $0.1385 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, October 30th.

Tennessee Valley Authority PARRS A 2029 Company Profile

Tennessee Valley Authority (TVA) is a federally owned U.S. corporation established in 1933 to support economic development and improve quality of life in the Tennessee Valley. Its responsibilities include electricity generation and transmission, river and water-resource management, navigation, flood control, and environmental stewardship.

TVA operates an integrated power system that includes nuclear, hydroelectric, natural gas, coal, and renewable energy facilities. It sells electricity primarily on a wholesale basis to local power companies and provides power directly to certain large industrial customers.