Tsakos Energy Navigation Ltd (NYSE:TEN) Announces Dividend of $1.00

Tsakos Energy Navigation Ltd (NYSE:TEN) announced a dividend on Monday, June 15th. Investors of record on Thursday, July 23rd will be paid a dividend of 1.00 per share on Thursday, July 30th. This represents a yield of 515.0%. The ex-dividend date of this dividend is Thursday, July 23rd.

Tsakos Energy Navigation has raised its dividend payment by an average of 0.0%annually over the last three years. Tsakos Energy Navigation has a payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings.

Tsakos Energy Navigation Stock Performance

Shares of TEN stock opened at $38.81 on Tuesday. Tsakos Energy Navigation has a one year low of $18.63 and a one year high of $45.85. The company’s 50-day moving average is $40.08 and its 200 day moving average is $32.65. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.32 and a beta of -0.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95.

Tsakos Energy Navigation (NYSE:TEN) last announced its quarterly earnings data on Thursday, May 21st. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.07 by $0.65. Tsakos Energy Navigation had a net margin of 24.81% and a return on equity of 23.26%. The company had revenue of $223.12 million for the quarter, compared to the consensus estimate of $208.77 million.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.50.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.