TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares
Rhea-AI Summary
TEN (NYSE: TEN) announced a regular quarterly cash dividend of $0.59375 per Series F preferred share (NYSE: TENPRF) covering the period from July 30, 2025 through October 29, 2025. The dividend will be paid on October 30, 2025 to holders of record as of October 27, 2025. Dividends on the Series F Preferred Shares are payable quarterly in arrears on the 30th day of January, April, July and October when declared by TEN's board. This payment is the 29th dividend since the Series F began trading. TEN reports 6,747,147 Series F preferred shares outstanding as of the press release date.
Positive
- Regular dividend declared: $0.59375 per Series F share
- This is the 29th Series F dividend declared
- Series F outstanding shares: 6,747,147
Negative
- Estimated cash payout ≈ $4.01M for Series F dividend
- Cash outflow reduces corporate liquidity on Oct 30, 2025
ATHENS, Greece, Oct. 02, 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 July 30, 2025, through October 29, 2025.
The dividend on the Series F Preferred Shares will be paid on October 30, 2025, to all holders of record of Series F Preferred Shares as of October 27, 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 29th 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, 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 its Series F preferred shares on October 2, 2025?
When is the payment and record date for TEN's Series F dividend in October 2025?
What period does the October 2025 Series F dividend from TEN cover?
How many Series F preferred shares of TEN are outstanding per the October 2, 2025 press release?
How many Series F dividends has TEN paid since the shares began trading?
What is the approximate total cash payout for TEN's Series F dividend on Oct 30, 2025?
