Tsakos Energy Navigation Ltd (NYSE:TEN) to Issue Dividend of $1.00

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

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

Tsakos Energy Navigation Stock Up 0.1%

Shares of Tsakos Energy Navigation stock opened at $38.81 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87. The company’s fifty day simple moving average is $40.08 and its two-hundred day simple moving average is $32.65. The company has a market cap of $1.17 billion, a P/E ratio of 6.32 and a beta of -0.30. Tsakos Energy Navigation has a 12-month low of $18.63 and a 12-month high of $45.85.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Tsakos Energy Navigation has an average rating of “Hold” and a consensus target price of $29.50.

Tsakos Energy Navigation Company Profile

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.