Tsakos Energy Navigation Ltd (TEN) To Go Ex-Dividend on December 15th

Tsakos Energy Navigation Ltd (NYSE:TEN) announced a dividend on Thursday, November 20th. Shareholders of record on Monday, December 15th will be given a dividend of 0.50 per share on Friday, December 19th. This represents a yield of 399.0%. The ex-dividend date of this dividend is Monday, December 15th.

Tsakos Energy Navigation has raised its dividend payment by an average of 0.2%per year over the last three years. Tsakos Energy Navigation has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Equities 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 $1.00 annual dividend with an expected future payout ratio of 23.0%.

Tsakos Energy Navigation Stock Performance

Shares of TEN traded down $0.25 during mid-day trading on Friday, hitting $23.45. The stock had a trading volume of 269,056 shares, compared to its average volume of 291,457. Tsakos Energy Navigation has a 52 week low of $13.40 and a 52 week high of $26.69. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.30 and a quick ratio of 1.25. The business has a fifty day moving average price of $23.73 and a 200-day moving average price of $21.63. The firm has a market cap of $706.55 million, a P/E ratio of 7.37 and a beta of -0.24.

Tsakos Energy Navigation (NYSE:TEN) last announced its quarterly earnings data on Thursday, November 20th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. The company had revenue of $158.84 million during the quarter, compared to analyst estimates of $170.78 million. Tsakos Energy Navigation had a return on equity of 13.36% and a net margin of 15.97%. On average, equities research analysts expect that Tsakos Energy Navigation will post 3.44 EPS for the current year.

About Tsakos Energy Navigation

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.