Tsakos Energy Navigation (TNP) Declares $0.16 Quarterly Dividend; 13.9% Yield

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Go back to Tsakos Energy Navigation (TNP) Declares $0.16 Quarterly Dividend; 13.9% Yield

TEN Ltd Reports First Quarter 2017 Profits And Declares Dividend

May 12, 2017 8:32 AM EDT

ATHENS, GREECE -- (Marketwired) -- 05/12/17 -- TEN, Ltd (NYSE: TNP)

RECENT HIGHLIGHTS

Net income of $17.5 million or $0.16 per share. EBITDA of $61.6 million. 77% of total fleet on long-term charters with minimum revenues of $1.4 billion and average charter employment of 2.5 years. Maintaining outstanding fleet utilization at 97.2%. 4% reduction in vessel daily operating expenses. All 15 newbuildings on long-term contracts. Twelve vessels already delivered, three in the next three quarters. Pro-forma fleet of 65 vessels, totaling 7.2 million dwt, consisting of 45 tankers that trade in the crude space, three shuttle... More