Tsakos Energy Navigation (TNP) Boosts Qtr. Dividend 33% to 8c/Share
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Tsakos Energy Navigation Announces 33% Increase in Common Stock Dividend
October 12, 2015 9:15 AM EDTATHENS, GREECE -- (Marketwired) -- 10/12/15 -- Tsakos Energy Navigation Ltd. (NYSE: TNP), a leading crude, product and LNG tanker operator, today announced the increase of its dividend distributions to holders of its common stock to $0.08 per quarter or $0.32 per annum. The new dividend represents a 33% increase from current levels and a 60% increase since February 2015. It is scheduled to commence in the first quarter 2016.
"In view of the current strength of the market and TEN's positioning within international tanker trade routes through a blend of flexible and secured charters, the Board and management... More
Tsakos Energy Navigation Announces Three-Year Charters for Three LR2 Aframaxes
October 8, 2015 9:01 AM EDTATHENS, GREECE -- (Marketwired) -- 10/08/15 -- Tsakos Energy Navigation Ltd. (NYSE: TNP), a leading crude, product and LNG tanker operator, today announced the charter for an average of 36-months per vessel for its three LR2 Aframax tankers to a major European oil concern for crude trading operations. The total gross revenues from these three fixtures are expected at around $100.0 million.
"The appetite of major oil companies to lock forward long-term is a positive testament to the prospects of the already strong tanker market. With $1.5 billion of total contracted revenues to date and a... More
