Tsakos Energy Navigation Limited (NYSE:TNP – Get Free Report) announced a Semi-Annual dividend on Thursday, June 20th, Zacks reports. Investors 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 boost 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% annually over the last three years. Tsakos Energy Navigation has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.5 %
Shares of NYSE:TNP opened at $29.28 on Wednesday. Tsakos Energy Navigation has a 1 year low of $16.96 and a 1 year high of $31.48. The company has a market capitalization of $864.05 million, a PE ratio of 5.94 and a beta of -0.15. The business has a fifty day moving average price of $29.06 and a two-hundred day moving average price of $25.99. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.58 and a quick ratio of 1.51.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Tsakos Energy Navigation
About Tsakos Energy Navigation
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.
Read More
- Five stocks we like better than Tsakos Energy Navigation
- Roth IRA Calculator: Calculate Your Potential Returns
- Top 2 Cybersecurity Stocks Booming in an Age of Rising Threats
- What are earnings reports?
- Teva Pharmaceuticals Stock: Unlock Value in This Generic Drug Gem
- 3 Small Caps With Big Return Potential
- Uncover Why This Pharma Stock Jumped 400% on Study Update
Receive News & Ratings for Tsakos Energy Navigation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsakos Energy Navigation and related companies with MarketBeat.com's FREE daily email newsletter.