TNP ex-dividend on 10/18 (2.3%)
Tsakos Energy Navigation will pay a regular semi-annual dividend of $1.650 on Oct 26th to holders as of Thursday, October 18. That’s 2.3% of the share price of $70.410, equivalent to a 5% yearly yield. The divided is up from the prior semi-annual dividend of $1.50 per share. TNP strong charter coverage, widespread newbuilding programme and well-balanced mix of crude and product carriers are likely to help the company to withstand any volatility in rates in the near term.