T
TVC
Tennessee Valley Authority
$23.94
last price · 2026-09-14
About this security
TVC is a variable-rate baby bond (an exchange-traded $25 debt note) issued by Tennessee Valley Authority. $25 principal amount, dividend rate currently 2.13% a year (initial rate 6.75%), current yield 2.23%.
All Tennessee Valley Authority securities and the issuer profile →
Key Stats ✓ Verified against SEC filing (prospectus linked below)
live page · rendered 20:10:07 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current yield
2.23%
Annual Interest
$0.5336
Current Rate
2.13%
a year, from the latest dividends
Recent Market Price
$23.94
as of 2026-09-14
Disc/Prem to Par (→ screen)
Capital Appreciation to Par
+$1.06 (+4.4%)
Recent Ex-Date
2026-08-31
Pay Frequency
quarterly
Initial Rate
6.750%
Call Date
—
Yield to Call
n/a (not callable)
Yield to Worst
4.67%
Principal Amount
$25.00
Maturity
2028-06-01
Redeemable
No
Convertible
No
Floating Rate
fixed 6.75% for first 5 years (from June 1998), then resets annually on June 1 (first reset June 1, 2003) to 30-yr U.S. Treasury CMT + 0.94% — DOWNWARD ONLY (resets only if 30-yr CMT + 94bps is below the then-current coupon; never increases). TVA "1998 Series D" PARRS, matures June 2028.
Issued
1998-06-01
Quote
| TVC (preferred) | |
|---|---|
| As of | 2026-09-14 |
| Last | $23.94 |
| Change | +0.12 (+0.50%) |
| Open | $23.82 |
| High / Low | $24.09 / $23.82 |
| Prev Close | $23.82 |
| Volume | 1,526 |
| 52-Week High / Low | $24.57 / $23.56 |
End-of-day closes, dated in the first row. A quote 3 or more trading sessions old is flagged stale, and a stale common quote is withheld. Change and Prev Close compare with the previous session's close. 52-week range based on available history, adjusted for splits. Shares outstanding / market cap require a fundamentals feed (not in current data plan).
Price
● TVC
Dividend History
| Ex-Date | Amount / Share |
|---|---|
| 2026-08-31 | $0.133400 |
| 2026-05-29 | $0.133400 |
| 2026-02-27 | $0.133400 |
| 2025-11-28 | $0.133400 |
| 2025-08-29 | $0.133400 |
| 2025-05-30 | $0.133400 |
| 2025-02-28 | $0.133400 |
| 2024-11-29 | $0.133375 |
| 2024-08-30 | $0.133400 |
| 2024-05-31 | $0.133400 |
| 2024-02-28 | $0.133400 |
| 2023-11-29 | $0.133400 |
Performance: $10K Calculator
See what an investment in TVC would be worth today, dividends reinvested.
Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →
Prospectus (SEC 424B5)
Other Securities from Tennessee Valley Authority
| Symbol | Type | Coupon | Price | Yield |
|---|---|---|---|---|
| TVE | baby bond | 6.500% | 23.48 | 2.36% |