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TVE

Tennessee Valley Authority · Baby Bond
$23.51
last price

About this security

TVE is a 6.5% baby bond (an exchange-traded $25 debt note) issued by Tennessee Valley Authority, a Baby Bond issuer. $25 principal amount, current yield 2.36%.

Issuer page — all Tennessee Valley Authority securities & profile →

Key Stats ✓ terms from SEC filing ✓ verified against SEC filing

live page · rendered 05:15:10 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
2.36%
Annual Interest
$0.5540
Recent Market Price
$23.51
as of 2026-06-16
Disc/Prem to Par (→ screen)
-5.96% (−$1.49)
Recent Ex-Date
2026-04-30
Pay Frequency
quarterly
Original Coupon
6.500%
Call Date
—
Yield to Call
n/a — not callable
Yield to Worst
4.53%
Principal Amount
$25.00
Maturity
2029-05-01
Redeemable
No
Convertible
No
Floating Rate
fixed 6.50% through 2004-05-01 (first reset), then resets every May 1 to 30-yr CMT (5-day avg, week ending last Friday in March) + 0.84% — DOWNWARD ONLY (PARRS ratchet; never resets up); matures 2029-05
Issued
1999-04-29

vs. Baby Bond category (54 issues): yield 2.36% vs avg 6.75% · discount -6.0% vs avg -11.6%

Quote

 TVE (preferred)TVC (common)
Last $23.51 $23.96
Change — —
Open$23.51$23.94
High / Low $23.63 / $23.46 $23.98 / $23.94
Prev Close——
Volume5,16119,758
52-Week High / Low $24.73 / $22.86 $24.57 / $23.30

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

● TVE ● TVC (common)

Dividend History

Ex-DateAmount / Share
2026-04-30$0.138500
2026-01-30$0.138500
2025-10-31$0.138500
2025-07-31$0.138500
2025-04-30$0.138500
2025-01-31$0.138500
2024-10-31$0.138500
2024-07-31$0.138500
2024-04-29$0.138500
2024-01-30$0.138500
2023-10-30$0.138500
2023-07-28$0.138500

Performance — $10K Calculator

See what an investment in TVE would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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Other Securities from Tennessee Valley Authority

SymbolTypeCouponPriceYield
TVC baby bond 6.750% 23.96 2.23%

News — Tennessee Valley Authority

Issuer news via Tiingo, tagged to TVC.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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