Tsakos Energy Navigation (TNP) Raises Annual Dividend 33.3% to $0.08; 1.6% Yield

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Go back to Tsakos Energy Navigation (TNP) Raises Annual Dividend 33.3% to $0.08; 1.6% Yield

Tsakos Energy Navigation Declares 33% Increase in Dividend to $0.08 Per Common Share

February 16, 2016 9:03 AM EST

ATHENS, GREECE -- (Marketwired) -- 02/16/16 -- Tsakos Energy Navigation Ltd. (NYSE: TNP), a leading crude, product and LNG tanker operator, today announced that its Board of Directors declared payment of $0.08 per common share outstanding to shareholders of record as of March 30, 2016. Payment is scheduled for April 7, 2016 while the shares will trade ex-dividend on March 28, 2016. TEN has been paying uninterrupted annual dividends since IPO (2002) equivalent to $10.20/share.

"The material increase in our sustainable dividend payout is an indication of TEN's strength and confidence for the future. This confidence is supported by the... More