TEN Ltd. Declares Dividend on its Series E Cumulative Perpetual Preferred Shares
Rhea-AI Summary
TEN Ltd. (NYSE: TEN), a leading diversified crude, product and LNG tanker operator, has declared its regular quarterly cash dividend for Series E Cumulative Perpetual Preferred Shares (NYSE: TENPRE). The company will distribute a dividend of $0.578125 per share for the period from May 28, 2025, through August 27, 2025.
The dividend payment is scheduled for August 28, 2025, with a record date of August 25, 2025. This marks the 34th dividend payment since the Series E Preferred Shares began trading on the NYSE. Currently, TEN has 4,745,947 Series E Preferred Shares outstanding.
Positive
- Consistent quarterly dividend payments maintained for Series E Preferred Shares
- Strong track record with 34th consecutive dividend payment
Negative
- None.
News Market Reaction
On the day this news was published, TEN declined 0.76%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
ATHENS, Greece, Aug. 05, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TEN) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of
The dividend on the Series E Preferred Shares is for the period from the most recent dividend payment date of May 28, 2025 through August 27, 2025.
The dividend on the Series E Preferred Shares will be paid on August 28, 2025 to all holders of record of Series E Preferred Shares as of August 25, 2025. Dividends on the Series E Preferred Shares are payable quarterly in arrears on the 28th day (unless the 28th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, as and if declared by TEN’s board of directors. This is the 34th dividend on the Series E Preferred Shares since their commencement of trading on the New York Stock Exchange.
TEN has 4,745,947 Series E Preferred Shares outstanding as of the date of this press release.
ABOUT TSAKOS ENERGY NAVIGATION
Founded in 1993 and celebrating 32 years as a public company, TEN is one of the first and most established public shipping companies in the world. TEN's diversified energy fleet currently consists of 82 vessels, including eleven DP2 shuttle tankers, two VLCCs plus one option, one scrubber fitted suezmax vessel, two scrubber-fitted MR product tankers and five scrubber-fitted LR1 tankers under construction, consisting of a mix of crude tankers, product tankers and LNG carriers totaling approx. 11million dwt.
ABOUT FORWARD-LOOKING STATEMENTS
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
For further information, please contact :
Company
Tsakos Energy Navigation Ltd.
George Saroglou
President & COO
+30210 94 07 710
gsaroglou@tenn.gr
Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Markella Kara
+212 661 7566
ten@capitallink.com
FAQ
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