Tsakos Energy Navigation Ltd (TEN) to Issue Dividend of $1.00 on July 30th

Tsakos Energy Navigation Ltd (NYSE:TEN) declared a dividend on Monday, June 15th. Shareholders of record on Thursday, July 23rd will be given a dividend of 1.00 per share on Thursday, July 30th. This represents a yield of 515.0%. The ex-dividend date is Thursday, July 23rd.

Tsakos Energy Navigation has raised its dividend by an average of 0.0%annually over the last three years. Tsakos Energy Navigation has a dividend payout ratio of 14.9% indicating that its dividend is sufficiently covered by earnings.

Tsakos Energy Navigation Price Performance

Tsakos Energy Navigation stock opened at $38.57 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95. The firm has a market cap of $1.16 billion, a P/E ratio of 6.28 and a beta of -0.30. The business’s fifty day moving average is $40.05 and its two-hundred day moving average is $32.75. Tsakos Energy Navigation has a 52 week low of $18.80 and a 52 week high of $45.85.

Tsakos Energy Navigation (NYSE:TEN) last posted its quarterly earnings data on Thursday, May 21st. The company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.65. The company had revenue of $223.12 million for the quarter, compared to analyst estimates of $208.77 million. Tsakos Energy Navigation had a return on equity of 23.26% and a net margin of 24.81%.

Insider Buying and Selling at Tsakos Energy Navigation

In other news, CEO Nikolaos Tsakos bought 12,500 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average price of $39.92 per share, for a total transaction of $499,000.00. Following the completion of the transaction, the chief executive officer directly owned 906,000 shares in the company, valued at $36,167,520. The trade was a 1.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tsakos Energy Navigation

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of Tsakos Energy Navigation by 9.6% during the second quarter. Osaic Holdings Inc. now owns 7,821 shares of the company’s stock worth $150,000 after acquiring an additional 684 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Tsakos Energy Navigation by 56.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the company’s stock worth $81,000 after acquiring an additional 743 shares during the last quarter. Savant Capital LLC raised its position in shares of Tsakos Energy Navigation by 6.6% during the fourth quarter. Savant Capital LLC now owns 13,356 shares of the company’s stock worth $299,000 after acquiring an additional 825 shares during the last quarter. Tudor Investment Corp ET AL raised its position in shares of Tsakos Energy Navigation by 1.9% during the fourth quarter. Tudor Investment Corp ET AL now owns 78,555 shares of the company’s stock worth $1,761,000 after acquiring an additional 1,445 shares during the last quarter. Finally, Tidal Investments LLC raised its position in shares of Tsakos Energy Navigation by 13.2% during the second quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock worth $244,000 after acquiring an additional 1,482 shares during the last quarter. Institutional investors own 19.24% of the company’s stock.

About Tsakos Energy Navigation

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.