TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares
Rhea-AI Summary
TEN (NYSE: TEN) declared a quarterly cash dividend of $0.59375 per share on its Series F cumulative redeemable perpetual preferred shares (NYSE: TENPRF). The dividend covers the period Jan 30, 2026 through Apr 29, 2026 and will be paid on Apr 30, 2026 to holders of record as of Apr 27, 2026.
Dividends on Series F are payable quarterly in arrears on the 30th of Jan, Apr, Jul and Oct when declared. This is the 31st dividend since the Series F commenced trading. TEN has 6,747,147 Series F shares outstanding as of the announcement date.
Positive
- Dividend declared at $0.59375 per Series F share
- Payment date set for April 30, 2026 with record date April 27, 2026
- Consistent distribution: 31st dividend since Series F trading commenced
Negative
- Estimated cash payout of approximately $4,006,118.53 to Series F holders
News Market Reaction – TEN
In the Apr 7 session, TEN declined 4.94%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATHENS, Greece, April 06, 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
The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on January 30, 2026, through April 29, 2026.
The dividend on the Series F Preferred Shares will be paid on April 30, 2026, to all holders of record of Series F Preferred Shares as of April 27, 2026. 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 31st 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 33 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 83 vessels, including ten DP2 shuttle tankers, three VLCCs, five scrubber-fitted LR1 tankers and one LNG carrier 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
