Tsakos Energy Navigation Ltd (NYSE:TEN) Declares $1.00 Dividend

Tsakos Energy Navigation Ltd (NYSE:TEN) declared a dividend on Monday, June 15th. Investors of record on Thursday, July 23rd will be given a dividend of 1.00 per share on Thursday, July 30th. This represents a dividend yield of 515.0%. The ex-dividend date of this dividend is Thursday, July 23rd.

Tsakos Energy Navigation has raised its dividend payment by an average of 0.0%per year over the last three years. Tsakos Energy Navigation has a payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings.

Tsakos Energy Navigation Trading Up 0.1%

NYSE TEN opened at $38.81 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.95 and a debt-to-equity ratio of 0.87. Tsakos Energy Navigation has a 52 week low of $18.63 and a 52 week high of $45.85. The firm has a market cap of $1.17 billion, a PE ratio of 6.32 and a beta of -0.30. The company has a 50 day moving average price of $40.08 and a 200 day moving average price of $32.65.

Tsakos Energy Navigation (NYSE:TEN) last issued its quarterly earnings results on Thursday, May 21st. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.65. Tsakos Energy Navigation had a net margin of 24.81% and a return on equity of 23.26%. The business had revenue of $223.12 million for the quarter, compared to analyst estimates of $208.77 million.

Tsakos Energy Navigation Company Profile

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.