Tsakos Energy Navigation’s perpetual preferred series E dividend matches prior payout, offering an 8.75% forward yield.
Tsakos Energy Navigation Limited’s PERP PFD SER E (TEN.PR.E) announced a $0.5781 per share quarterly dividend, unchanged from the previous distribution. The payout maintains an 8.75% forward yield based on current pricing.
The dividend is payable on August 28 to shareholders of record as of August 25, with an ex-dividend date set for the same day. The company’s prior dividend also stood at $0.5781, reflecting stability in its payout policy.
No immediate market reaction was disclosed in the announcement.