TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable 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 F Cumulative Redeemable Perpetual Preferred Shares (NYSE: TENPRF). The company will distribute a dividend of $0.59375 per share for the period from April 30, 2025, through July 29, 2025.
The dividend will be paid on July 30, 2025, to shareholders of record as of July 25, 2025. This marks the 28th dividend payment for the Series F Preferred Shares since their NYSE listing. Currently, TEN has 6,747,147 Series F Preferred Shares outstanding.
Positive
- Consistent quarterly dividend payments indicating financial stability
- 28th consecutive dividend payment demonstrating reliable income stream for preferred shareholders
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TEN gained 2.35%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ATHENS, Greece, July 03, 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 approximately
The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on April 30, 2025, through July 29, 2025.
The dividend on the Series F Preferred Shares will be paid on July 30, 2025 to all holders of record of Series F Preferred Shares as of July 25, 2025. Dividends on the Series F Preferred Shares are payable quarterly in arrears on the 30th day (unless the 30th 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 28th dividend on the Series F 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 twelve DP2 shuttle tankers, two scrubber fitted suezmax vessels, 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 10.1 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
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