Tennant Company Increases Quarterly Dividend 11 Percent

  Tennant Company Increases Quarterly Dividend 11 Percent

Business Wire

MINNEAPOLIS -- April 23, 2014

Directors of Tennant Company (NYSE: TNC) today authorized an 11 percent
increase in the company’s quarterly cash dividend to 20 cents per share, a few
quarters earlier than needed for continuing the company’s trend of another
consecutive year of increases in the annual cash dividend payout. The
increased dividend is payable June 16, 2014, to shareholders of record at the
close of business on May 30, 2014.

“This increase of 11 percent, or 2 cents per share, reflects our enthusiasm
and confidence in the growth goal of $1 billion in revenue by 2017 while
achieving a 12 percent or greater operating profit margin,” said Chris
Killingstad, Tennant Company’s president and chief executive officer.

The dividend increase will result in an 8 percent increase to the annual
dividend payout for the year 2014. The company has increased its annual cash
dividend payout for 43 consecutive years.

About Tennant Company
Minneapolis-based Tennant Company (NYSE: TNC) is a world leader in designing,
manufacturing and marketing solutions that help create a cleaner, safer,
healthier world. Its products include equipment for maintaining surfaces in
industrial, commercial and outdoor environments; chemical-free and other
sustainable cleaning technologies; and coatings for protecting, repairing and
upgrading surfaces. Tennant's global field service network is the most
extensive in the industry. Tennant has manufacturing operations in
Minneapolis, Minn.; Holland, Mich.; Louisville, Ky.; Uden, The Netherlands;
the United Kingdom; São Paulo, Brazil; and Shanghai, China; and sells products
directly in 15 countries and through distributors in more than 80 countries.
For more information, visit www.tennantco.com.

Forward-Looking Statements
Certain statements contained in this document, as well as other written and
oral statements made by us from time to time, are considered “forward-looking
statements” within the meaning of the Private Securities Litigation Reform
Act. These statements do not relate to strictly historical or current facts
and provide current expectations or forecasts of future events. Any such
expectations or forecasts of future events are subject to a variety of
factors. These include factors that affect all businesses operating in a
global market as well as matters specific to us and the markets we serve.
Particular risks and uncertainties presently facing us include: geopolitical
and economic uncertainty throughout the world; the competition in our
business; our ability to attract and retain key personnel; our ability to
successfully upgrade, evolve and protect our information technology systems;
our ability to develop and commercialize new innovative products and services;
our ability to comply with laws and regulations; fluctuations in the cost or
availability of raw materials and purchased components; unforeseen product
liability claims or product quality issues; the occurrence of a significant
business interruption; the occurrence of disruptions to our supply and
delivery chains; and the relative strength of the U.S. dollar, which affects
the cost of our materials and products purchased and sold internationally.

We caution that forward-looking statements must be considered carefully and
that actual results may differ in material ways due to risks and uncertainties
both known and unknown. Shareholders, potential investors and other readers
are urged to consider these factors in evaluating forward-looking statements
and are cautioned not to place undue reliance on such forward-looking
statements. For additional information about factors that could materially
affect Tennant's results, please see our otherSecurities and Exchange
Commissionfilings, including disclosures under “Risk Factors.”

We do not undertake to update any forward-looking statement, and investors are
advised to consult any further disclosures by us on this matter in our filings
with theSecurities and Exchange Commissionand in other written statements we
make from time to time. It is not possible to anticipate or foresee all risk
factors, and investors should not consider any list of such factors to be an
exhaustive or complete list of all risks or uncertainties.

Contact:

Tennant Company
Investor Contact:
Tom Paulson, 763-540-1204
Senior Vice President and Chief Financial Officer
or
Media Contact:
Kathryn Lovik, 763-540-1212
Global Communications Director
 
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