TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares
April 08 2024 - 4:05PM
TEN Ltd. (“TEN”) (NYSE: TNP) (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 $0.59375 per share for its Series F
Cumulative Redeemable Perpetual Preferred Shares (the “Series F
Preferred Shares”; NYSE: TNPPRF).
The dividend on the Series F Preferred Shares is
for the period from the most recent dividend payment date on
January 30, 2024 through April 29, 2024.
The dividend on the Series F Preferred Shares
will be paid on April 30, 2024 to all holders of record of Series F
Preferred Shares as of April 25, 2024. 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 23rd dividend on
the Series F 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 TSAKOS ENERGY NAVIGATION
TEN, founded in 1993 and is one of the first and most established
public shipping companies in the world. TEN’s diversified energy
fleet currently consists of 74 double-hull vessels, including four
DP2 shuttle tankers, two scrubber-fitted suezmax vessels and two
scrubber-fitted MR product tankers under construction, constituting
a mix of crude tankers, product tankers and LNG carriers, totaling
9.1 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
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