Tenneco Inc(TEN) Declares Dividend of $0.2500.

Tenneco Inc (TEN) had declared a cash dividend of $0.2500 on Feb 1, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 1.48%. The dividend payable date has been fixed on Mar 23, 2017.

In a different note, On Jan 25, 2017, Susquehanna said it Downgrades its rating on Tenneco Inc. The shares have been rated ‘Neutral’ by the firm.

Tenneco Inc (TEN) shares turned negative on Tuesdays trading session with the shares closing down -3 points or -4.40% at a volume of 12,14,087. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $70.96. The peak price level was also seen at $70.96 while the days lowest was $64.54. Finally the shares closed at $65.21. The 52-week high of the shares is $70.96 while the 52-week low is $34.45. According to the latest information available, the market cap of the company is $3,589 M.

Tenneco Inc(TEN) last announced its earnings results on Oct 28, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $2.10B. Analysts had an estimated revenue of $2.13B. Earnings per share were $1.53. The reported EPS was above estimates by $0.04 or 2.68%. Analysts had estimated an EPS of $1.49.

Several Insider Transactions has been reported to the SEC. On Dec 13, 2016, Josep Fornos (Executive Vice President) sold 21,077 shares at $66.36 per share price.Also, On Dec 9, 2016, Gregg M Sherrill (Chairman & CEO) sold 97,094 shares at $63.78 per share price.On Dec 9, 2016, Joseph A. Pomaranski (Senior Vice President) sold 7,596 shares at $65.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle commercial truck off-highway and other vehicle applications. The Company serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets or aftermarket across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe South America and India Clean Air; Europe South America and India Ride Performance; Asia Pacific Clean Air and Asia Pacific Ride Performance. The Company’s various brands include Monroe Rancho Clevite Elastomers Marzocchi Axios Kinetic and Fric-Rot Walker XNOx Fonos DynoMax and Thrush clean air products. As a parts supplier it produces individual component parts for vehicles as well as groups of components that are combined as modules or systems within vehicles.

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