Tsakos Energy Navigation Ltd (NYSE:TEN) Declares Dividend of $0.50

Tsakos Energy Navigation Ltd (NYSE:TEN) declared a dividend on Thursday, November 20th. Stockholders of record on Wednesday, February 11th will be paid a dividend of 0.50 per share on Thursday, February 19th. This represents a dividend yield of 399.0%. The ex-dividend date is Wednesday, February 11th.

Tsakos Energy Navigation has raised its dividend by an average of 0.2%annually over the last three years. Tsakos Energy Navigation has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tsakos Energy Navigation to earn $4.35 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.6%.

Tsakos Energy Navigation Price Performance

TEN stock traded down $0.19 on Thursday, hitting $25.05. 789,481 shares of the company’s stock traded hands, compared to its average volume of 318,549. The stock has a market cap of $754.74 million, a price-to-earnings ratio of 8.95 and a beta of -0.15. Tsakos Energy Navigation has a 1-year low of $13.40 and a 1-year high of $26.69. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average of $23.17 and a 200-day moving average of $20.89.

Tsakos Energy Navigation (NYSE:TEN) last posted its quarterly earnings results on Thursday, November 20th. The company reported $1.05 earnings per share (EPS) for the quarter. Tsakos Energy Navigation had a net margin of 14.17% and a return on equity of 12.03%. On average, analysts forecast that Tsakos Energy Navigation will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Tsakos Energy Navigation

A number of institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. grew its stake in Tsakos Energy Navigation by 9.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock valued at $150,000 after acquiring an additional 684 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Tsakos Energy Navigation by 312.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after purchasing an additional 993 shares in the last quarter. Moors & Cabot Inc. increased its stake in Tsakos Energy Navigation by 1.0% in the 1st quarter. Moors & Cabot Inc. now owns 104,285 shares of the company’s stock valued at $1,779,000 after buying an additional 1,000 shares during the period. Tidal Investments LLC lifted its position in Tsakos Energy Navigation by 13.2% in the 2nd quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock worth $244,000 after buying an additional 1,482 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Tsakos Energy Navigation by 1.8% during the 3rd quarter. UBS Group AG now owns 115,500 shares of the company’s stock valued at $2,566,000 after buying an additional 2,089 shares during the period. 19.24% of the stock is currently owned by institutional investors and hedge funds.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.