TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares

Rhea-AI Summary

TEN (NYSE: TEN) declared a regular quarterly cash dividend of $0.59375 per share on its Series F cumulative redeemable perpetual preferred shares (NYSE: TENPRF) for the period from October 30, 2025 through January 29, 2026. The dividend will be paid on January 30, 2026 to holders of record as of January 27, 2026. Dividends on Series F are payable quarterly in arrears on the 30th of January, April, July and October (moved if the 30th is a weekend or holiday) when declared by the board. This marks the 30th dividend since the Series F shares began trading. TEN reports 6,747,147 Series F shares outstanding as of this announcement.

Positive

• $0.59375 per Series F preferred share declared
• Payment on Jan 30, 2026 with record date Jan 27, 2026
• 30th dividend since Series F commenced trading

Negative

• Series F dividends are discretionary and paid only when declared by the board

ATHENS, Greece, Jan. 05, 2026 (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 approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TENPRF).

The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on October 30, 2025, through January 29, 2026.

The dividend on the Series F Preferred Shares will be paid on January 30, 2026, to all holders of record of Series F Preferred Shares as of January 27, 2026. Dividends on the Series F Preferred Shares are payable quarterly in arrears on the 30^th day (unless the 30^th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of January, April, July and October of each year, when, as and if declared by TEN’s board of directors. This is the 30^th dividend on the Series F Preferred Shares since their commencement of trading on the New York Stock Exchange.

TEN has 6,747,147 Series F Preferred Shares outstanding as of the date of this press release.

ABOUT TEN Ltd.
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, 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 its Series F preferred shares on January 5, 2026?

TEN declared a quarterly cash dividend of $0.59375 per Series F preferred share for the period ending January 29, 2026.

When will TEN pay the Series F preferred dividend and what is the record date?

The dividend will be paid on January 30, 2026 to holders of record as of January 27, 2026.

How many Series F preferred shares does TEN have outstanding as of January 5, 2026?

TEN has 6,747,147 Series F preferred shares outstanding as of the announcement date.

How often are TEN Series F preferred dividends payable and when are payment dates scheduled?

Series F dividends are payable quarterly in arrears on the 30th of January, April, July and October, moved to the next business day if the 30th is a weekend or holiday.

Is TEN obligated to pay future Series F preferred dividends after January 30, 2026?

No; the release notes Series F dividends are paid when, as and if declared by TEN’s board of directors, so future payments are discretionary.