Tsakos Energy Navigation Ltd (TEN) To Go Ex-Dividend on February 11th

Tsakos Energy Navigation Ltd (NYSE:TEN) declared a dividend on Thursday, November 20th. Stockholders of record on Wednesday, February 11th will be paid a dividend of 0.50 per share on Thursday, February 19th. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend is Wednesday, February 11th.

Tsakos Energy Navigation has raised its dividend by an average of 0.2%per year over the last three years. Tsakos Energy Navigation has a payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Tsakos Energy Navigation to earn $4.35 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 23.0%.

Tsakos Energy Navigation Price Performance

TEN opened at $26.97 on Monday. The stock has a market cap of $812.61 million, a P/E ratio of 8.48 and a beta of -0.21. Tsakos Energy Navigation has a 12 month low of $13.40 and a 12 month high of $27.79. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $24.39 and a 200 day simple moving average of $23.09.

Tsakos Energy Navigation (NYSE:TEN) last posted its earnings results on Thursday, November 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The firm had revenue of $158.84 million during the quarter, compared to analysts’ expectations of $170.78 million. Tsakos Energy Navigation had a return on equity of 13.36% and a net margin of 15.97%. On average, research analysts expect that Tsakos Energy Navigation will post 3.44 EPS for the current year.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.