TTVC

Tennessee Valley Authority · Baby Bond

$23.94

last price

About this security

TVC is a 6.75% baby bond (an exchange-traded $25 debt note) issued by Tennessee Valley Authority, a Baby Bond issuer. $25 principal amount, current yield 2.23%.

Issuer page — all Tennessee Valley Authority securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 16:40:37 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16

Current Yield

2.23%

Annual Interest

$0.5336

Recent Market Price

$23.94

as of 2026-06-18

Disc/Prem to Par (→ screen)

-4.24% (−$1.06)

Recent Ex-Date

2026-05-29

Pay Frequency

quarterly

Original Coupon

6.750%

Call Date

—

Yield to Call

n/a — not callable

Yield to Worst

4.36%

Principal Amount

$25.00

Maturity

2028-06-01

Redeemable

Convertible

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

vs. Baby Bond category (55 issues): yield 2.23% vs avg 6.73% · discount -4.2% vs avg -11.4%

Quote

	TVC (preferred)	TVC (common)
Last	$23.94	$23.94
Change	—	—
Open	$23.97	$23.97
High / Low	$24.00 / $23.92	$24.00 / $23.92
Prev Close	—	—
Volume	15,330	15,330
52-Week High / Low	$24.57 / $23.30	$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

● TVC ● TVC (common)

Dividend History

Ex-Date	Amount / Share
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
2023-08-30	$0.133400

Performance — $10K Calculator

Amount invested ($)

Start date

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 →

🔔 Get dividend & filing alerts for TVC →

Prospectus (SEC 424B5)

Full Prospectus (SEC filing) →

Other Securities from Tennessee Valley Authority

Symbol	Type	Coupon	Price	Yield
TVE	baby bond	6.500%	23.54	2.35%

News — Tennessee Valley Authority

Should You Buy NuScale While It's Below $15? — finance.yahoo.com · Jun 18, 2026
(TVE) as a Liquidity Pulse for Institutional Tactics — news.stocktradersdaily.com · Jun 18, 2026
Precision Trading with Tennessee Valley Authority (TVC) Risk Zones — news.stocktradersdaily.com · Jun 18, 2026
TVA says lakes are still low despite recent rainfall — aol.com · Jun 17, 2026
NuScale Is Impossible to Ignore Right Now. Here's What to Do With It. — finance.yahoo.com · Jun 17, 2026
1 Reason to Buy NuScale Power Stock, and 2 Reasons to Sell — finance.yahoo.com · Jun 17, 2026
Water system improved after elevated manganese levels found in Melton Hill Lake — aol.com · Jun 16, 2026
Freshwater pearls representing Tennessee at Smithsonian’s ‘America 250’ exhibition — aol.com · Jun 16, 2026

Issuer news via Tiingo, tagged to TVC.

TVC: Tennessee Valley Authority 2.134% Baby Bond

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.

Finding your way around

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This is information, not investment advice.

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