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Cash Dividend On The Way From Tsakos Energy Navigation Series C Cumulative Redeemable Perpetual

By Ru Back Packer Staff, Monday, January 22, 1:42 PM ET
Play Video: The Importance of Dividends


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On 1/24/18, Tsakos Energy Navigation Ltd's 8.875% Series C Cumulative Redeemable Perpetual (NYSE:TNP.PRC) will trade ex-dividend, for its quarterly dividend of $0.5547, payable on 1/30/18. As a percentage of TNP.PRC's recent share price of $25.77, this dividend works out to approximately 2.15%, so look for shares of TNP.PRC to trade 2.15% lower all else being equal when TNP.PRC shares open for trading on 1/24/18. On an annualized basis, the current yield is approximately 8.68%, which compares to an average yield of 7.52% in the "Energy" preferred stock category, according to Ru Back Packer.

As of last close, TNP.PRC was trading at a 2.56% premium to its liquidation preference amount, versus the average premium of 0.53% in the "Energy" category. The chart below shows the one year performance of TNP.PRC shares, versus TNP:

Performance Comparison Chart

Below is a dividend history chart for TNP.PRC, showing historical dividends prior to the most recent $0.5547 on Tsakos Energy Navigation Ltd's 8.875% Series C Cumulative Redeemable Perpetual :


According to the ETF Finder at ETF Channel, Tsakos Energy Navigation Ltd (NYSE:TNP) makes up 2.26% of the Guggenheim Shipping ETF (SEA) which is trading up by about 0.4% on the day Monday.

See what other ETFs contain TNP
See what other stocks are held by SEA

In Monday trading, Tsakos Energy Navigation Ltd's 8.875% Series C Cumulative Redeemable Perpetual (NYSE:TNP.PRC) is currently up about 0.5% on the day, while the common shares (NYSE:TNP) are up about 0.2%.


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