Tennant Co. said late Monday its board approved a dividend hike and a new share repurchase plan. The maker of industrial cleaning equipment said its board raised the quarterly dividend 5% to 21 cents a share. The dividend is payable Dec. 15 to shareholders of record as of Nov. 30. Tennant’s board also approved the buyback of up to 1 million shares. Tennant shares were unchanged at $62.95 after hours.
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