Tsakos Energy Navigation Limited (TNP) To Go Ex-Dividend on July 12th

Tsakos Energy Navigation Limited (NYSE:TNPGet Free Report) declared a Semi-Annual dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Friday, July 12th will be paid a dividend of 0.60 per share by the shipping company on Thursday, July 18th. This represents a yield of 4.2%. The ex-dividend date is Friday, July 12th. This is a positive change from Tsakos Energy Navigation’s previous Semi-Annual dividend of $0.30.

Tsakos Energy Navigation has increased its dividend by an average of 68.7% per year over the last three years. Tsakos Energy Navigation has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tsakos Energy Navigation to earn $9.90 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 12.1%.

Tsakos Energy Navigation Stock Performance

NYSE:TNP opened at $29.28 on Wednesday. The firm has a market capitalization of $864.05 million, a PE ratio of 5.94 and a beta of -0.15. The company has a current ratio of 1.58, a quick ratio of 1.51 and a debt-to-equity ratio of 0.84. Tsakos Energy Navigation has a 1 year low of $16.96 and a 1 year high of $31.48. The firm’s fifty day simple moving average is $29.06 and its 200 day simple moving average is $25.99.

Analyst Ratings Changes

TNP has been the subject of a number of analyst reports. StockNews.com began coverage on shares of Tsakos Energy Navigation in a report on Wednesday. They set a “hold” rating for the company. Jefferies Financial Group reissued a “buy” rating and issued a $30.00 target price on shares of Tsakos Energy Navigation in a report on Wednesday, March 27th.

View Our Latest Analysis on TNP

About Tsakos Energy Navigation

(Get Free Report)

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.

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Dividend History for Tsakos Energy Navigation (NYSE:TNP)

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