Tsakos Energy Navigation (TNP) Declares $0.05 Quarterly Dividend; 4.3% Yield
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TEN Ltd Reports Year End and Fourth Quarter 2016 Profits and Declares Dividend
March 17, 2017 8:30 AM EDTATHENS, GREECE -- (Marketwired) -- 03/17/17 -- TEN, Ltd (NYSE: TNP)
Net income for the year 2016 of $55.8 million or $0.47 per share EBITDA for the year 2016 of $205.1 million. Net income in the fourth quarter 2016 of $11.9 million or $0.10 per common share, net of preferred stock dividends. EBITDA for the fourth quarter 2016 of $53.7 million. Strong balance sheet and cash liquidity at $197.8 million as of December 31, 2016. Total fleet contracted revenue at minimum $1.4 billion and average fleet charter employment of 2.7 years. Maintaining outstanding fleet utilization at 98% in the fourth quarter 2016. 2.1% reduction... More