TEN Ltd. Declares Dividend on its Series E Cumulative Perpetual Preferred Shares
Rhea-AI Summary
TEN (NYSE: TEN) announced a regular quarterly cash dividend of $0.578125 per Series E preferred share (TENPRE) covering the period Aug 28, 2025 through Nov 27, 2025. The dividend will be paid on Nov 28, 2025 to holders of record as of Nov 24, 2025. Dividends on the Series E preferred shares are payable quarterly in arrears on the 28th of Feb, May, Aug and Nov when declared by the board. TEN reports 4,745,947 Series E preferred shares outstanding and this is the 35th dividend since those shares commenced trading on the NYSE.
Positive
- $0.578125 declared per Series E preferred share
- Payment date set for Nov 28, 2025
- 4,745,947 Series E preferred shares outstanding
- This is the 35th consecutive Series E dividend
Negative
- Dividend is discretionary and payable "when, as and if" declared by the board
- Record date of Nov 24, 2025 fixes eligible holders and may limit trading flexibility
News Market Reaction 1 Alert
On the day this news was published, TEN gained 0.80%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ATHENS, Greece, Nov. 04, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or 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 August 28, 2025 through November 27, 2025.
The dividend on the Series E Preferred Shares will be paid on November 28, 2025 to all holders of record of Series E Preferred Shares as of November 24, 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 35th 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 ten DP2 shuttle tankers, three VLCCs, 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. 11 million 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
What dividend did TEN (NYSE: TEN) declare for Series E preferred shares on Nov 4, 2025?
When will TEN pay the Series E preferred dividend for the Nov 2025 period?
How many Series E preferred shares does TEN have outstanding as of Nov 4, 2025?
What period does the Nov 28, 2025 Series E dividend cover for TEN (TENPRE)?
Is the Series E preferred dividend from TEN guaranteed each quarter?
How many Series E dividends has TEN paid since listing as of Nov 4, 2025?
