Tennessee Valley Authority PARRS A 2029 (NYSE:TVE – Get Free Report) shares shot up 0.1% during trading on Monday . The stock traded as high as $23.63 and last traded at $23.52. 9,605 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 13,433 shares. The stock had previously closed at $23.50.
Tennessee Valley Authority PARRS A 2029 Price Performance
The stock has a fifty day moving average price of $23.53 and a two-hundred day moving average price of $23.82.
Tennessee Valley Authority PARRS A 2029 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a $0.1385 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, July 31st.
Tennessee Valley Authority PARRS A 2029 Company Profile
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.
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