Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Stock Price Up 0.1% – What’s Next?

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) shares traded up 0.1% on Monday . The stock traded as high as $23.63 and last traded at $23.52. Approximately 9,605 shares were traded during trading, a decline of 28% from the average session volume of 13,433 shares. The stock had previously closed at $23.50.

Tennessee Valley Authority PARRS A 2029 Stock Up 0.1%

The stock’s fifty day simple moving average is $23.53 and its 200-day simple moving average is $23.82.

Tennessee Valley Authority PARRS A 2029 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.1385 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, July 31st.

About Tennessee Valley Authority PARRS A 2029

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.