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

By
A A A

On 4/25/14, Tsakos Energy Navigation Ltd.'s 8.00% Series B Cumulative Redeemable Perpetual (Symbol: TNP.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 4/30/14. As a percentage of TNP.PRB's recent share price of $24.60, this dividend works out to approximately 2.03%, so look for shares of TNP.PRB to trade 2.03% lower - all else being equal - when TNP.PRB shares open for trading on 4/25/14. On an annualized basis, the current yield is approximately 8.17%, which compares to an average yield of 7.05% in the "Energy" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of TNP.PRB shares, versus TNP:

Performance Comparison Chart


Below is a dividend history chart for TNP.PRB, showing historical dividends prior to the most recent $0.50 on Tsakos Energy Navigation Ltd.'s 8.00% Series B Cumulative Redeemable Perpetual :

TNP.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Tsakos Energy Navigation Ltd. (Symbol: TNP) makes up 2.69% of the Guggenheim Shipping ETF ( SEA ) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Tsakos Energy Navigation Ltd.'s 8.00% Series B Cumulative Redeemable Perpetual (Symbol: TNP.PRB) is currently up about 0.5% on the day, while the common shares (Symbol: TNP) are up about 5.6%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: SEA , TNP.PRB , TNP

BNK Invest

BNK Invest

More from BNK Invest:

Related Videos

Stocks

Referenced

Most Active by Volume

18,929,133
  • $2.84 ▲ 13.15%
18,862,837
  • $132.60 ▲ 0.92%
14,583,768
  • $16.735 ▲ 0.03%
14,279,444
  • $3.77 ▲ 23.61%
13,708,197
  • $35.37 ▲ 4.55%
11,756,870
  • $2.30 ▲ 3.14%
9,922,177
  • $94.64 ▲ 0.81%
8,441,185
  • $34.825 ▼ 0.70%
As of 5/22/2015, 11:11 AM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com