SmarterDividends
TVE

Tennessee Valley Authority PARRS A 2029

TVE

Stock · quarterly payer

$23.31

Overvalued · -45% Add to Portfolio

Forward Yield

2.38%

Annual Dividend

$0.56

Payout Ratio

—

5-Yr Growth

-4.4%

Ex-Date

Oct 30, 2026

Frequency

Quarterly

Key facts about TVE's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Tennessee Valley Authority PARRS A 2029 (TVE) has a forward dividend yield of 2.38%, based on an annual dividend of $0.56 per share and a share price of $23.31.
  • As of Oct 18, 2026, TVE's dividend safety grade from SmarterDividends is C (64 out of 100), which rates the dividend as borderline.
  • TVE last cut its regular dividend in 2021.
  • TVE's next ex-dividend date is Oct 30, 2026, with payment on Nov 2, 2026. Shares must be owned before that date to receive the dividend.
  • TVE's dividend has shrunk at an average rate of 4.4% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for TVE is $12.74 per share, 45% below the $23.31 share price, so TVE screens as overvalued.
  • Tennessee Valley Authority PARRS A 2029 (TVE) pays its dividend quarterly, 4 times a year.
  • Tennessee Valley Authority PARRS A 2029 (TVE) has raised its regular dividend 4 times and cut it 7 times across the 106 payments on record since 1999. Its most recent change was a 33.8% cut to $0.139 per share, going ex-dividend on Jul 30, 2020.
Cite this page

SmarterDividends, "TVE Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/TVE

Summary

As of Oct 18, 2026, Tennessee Valley Authority PARRS A 2029 (TVE) yields 2.38% ($0.56 a year per share) and has a dividend safety grade of C (64/100).

Is TVE a good dividend stock?

Yes, with caveats

Tennessee Valley Authority PARRS A 2029 (TVE) pays a quarterly dividend yielding 2.38% ($0.56/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2021
    • Dividend has been shrinking, not growing
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    2.38%
    Payout Ratio
    —
    Annual Dividend
    $0.56
    5-Yr Avg Growth
    -4.4%
    Ex-Dividend Date
    Oct 30, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    —
    Market Cap
    —
    P/E Ratio
    —
    5-Yr Total Return
    -8%
    52-Week Range
    $22.83 – $24.73
    Dividend Safety
    C · 64/100
    Ever Cut?
    Yes (2021)

    TVE dividend raises and cuts

    Tennessee Valley Authority PARRS A 2029 (TVE) has raised its regular dividend 4 times and cut it 7 times across the 106 payments on record since 1999. Its most recent change was a 33.8% cut to $0.139 per share, going ex-dividend on Jul 30, 2020.

    Ex-dateChangeOld → newMove
    Jul 30, 2020Cut$0.210 → $0.139−33.8%
    Jul 29, 2015Cut$0.247 → $0.210−15.0%
    Jul 29, 2013Cut$0.259 → $0.247−4.6%
    Jul 27, 2012Cut$0.281 → $0.259−7.8%
    Oct 28, 2009Cut$0.323 → $0.281−13.0%
    Jul 29, 2008Cut$0.351 → $0.323−8.0%
    Jan 27, 2005Raise$0.350 → $0.351+0.3%
    Oct 27, 2004Cut$0.405 → $0.350−13.6%
    Jul 29, 2002Raise$0.405 → $0.406+0.2%
    Oct 29, 2001Raise$0.405 → $0.406+0.2%
    Oct 27, 1999Raise$0.383 → $0.406+6.0%
    Every TVE payment →Download every raise and cut (CSV)
    TVE ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →TVE dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is TVE a good dividend stock?

    Yes, with caveats. Tennessee Valley Authority PARRS A 2029 (TVE) pays a quarterly dividend yielding 2.38% ($0.56/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is TVE undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TVE's fair value is about $12.74 versus a $23.31 share price — so it looks overvalued (-45% vs. fair value).

    Is TVE's dividend safe?

    TVE has a dividend-safety grade of C (64/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is TVE's fair value?

    Our blended fair-value estimate for TVE is about $12.74 per share, about 45% below the current $23.31 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is TVE a buy, hold, or sell?

    We don't issue formal ratings, but on the data TVE screens as "yes, with caveats" and overvalued. Tennessee Valley Authority PARRS A 2029 (TVE) pays a quarterly dividend yielding 2.38% ($0.56/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will TVE cut its dividend?

    TVE earns a dividend-safety grade of C (64/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does TVE pay a dividend?

    Yes. Tennessee Valley Authority PARRS A 2029 pays a quarterly dividend of about $0.56 per share annually, a forward yield of roughly 2.38%.

    What is TVE's dividend yield?

    As of Oct 18, 2026, TVE's forward dividend yield is 2.38%, based on a $0.56 annual dividend and a $23.31 share price.

    What is TVE's dividend per share?

    As of Oct 18, 2026, TVE pays $0.56 per share per year, distributed on a quarterly basis.

    How many years has TVE grown its dividend?

    TVE does not currently have a long dividend-growth streak on record.

    When is the next TVE ex-dividend date?

    As of Oct 18, 2026, the next ex-dividend date on record for TVE is Oct 30, 2026.

    Income Calculator

    At $0.56 / yr per share

    Per payment (quarterly)$13.90
    Annual$55.60
    Monthly avg$4.63

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