DividendJun 15, 2026, 04:06 PM
Tsakos Energy Navigation Declares $1.00 Dividend; Total 2026 Up 36%
AI Summary
Tsakos Energy Navigation (TEN) announced its Board of Directors declared a second semi-annual dividend of $1.00 per share for common shareholders. This payment, combined with the first semi-annual dividend of $0.50 in February 2026, brings the total 2026 dividend to $1.50 per share, marking a 36% increase compared to 2025. With this distribution, TEN will have paid over $1 billion in cumulative common and preferred share dividends since its NYSE listing in 2002.
Key Highlights
- Declared second semi-annual dividend of $1.00 per common share.
- Total 2026 dividend payments reach $1.50 per common share.
- Total 2026 dividend represents a 36% increase compared to 2025.
- Cumulative dividends exceed $1 billion since NYSE listing in 2002.
- Dividend payable on July 30, 2026, to shareholders of record July 23, 2026.
- Company operates a diversified fleet of 83 vessels, totaling 11 million dwt.
Price Impact
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