Tsakos Energy Navigation (TNP) Declares $0.05 Quarterly Dividend; 4.8% Yield

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Go back to Tsakos Energy Navigation (TNP) Declares $0.05 Quarterly Dividend; 4.8% Yield

Ten Ltd. Reports Nine Months and Third Quarter 2017 Results and Declares Dividend of $0.05 Per Common Share

November 30, 2017 8:00 AM EST

ATHENS, GREECE -- (Marketwired) -- 11/30/17 -- TEN, Ltd. (TEN) (NYSE: TNP) (the "Company") today reported results (unaudited) for the nine months and third quarter ended September 30, 2017.

NINE MONTHS 2017 RESULTS TEN's net income in the first nine months of 2017 was $17.7 million. Operating income was $60.3 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled $163.3 million. All the vessels generated positive EBITDA in the nine months apart from two aframaxes which underwent dry-docking in the second quarter.

The daily time charter equivalent rate per vessel for the Company's diversified fleet was... More