Ex-Div Reminder for Tsakos Energy Navigation Series C Cumulative Redeemable Perpetual


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On 4/24/17, Tsakos Energy Navigation Ltd's 8.875% Series C Cumulative Redeemable Perpetual (Symbol: TNP.PRC) will trade ex-dividend, for its quarterly dividend of $0.5547, payable on 5/1/17. As a percentage of TNP.PRC's recent share price of $25.91, this dividend works out to approximately 2.14%, so look for shares of TNP.PRC to trade 2.14% lower - all else being equal - when TNP.PRC shares open for trading on 4/24/17. On an annualized basis, the current yield is approximately 8.57%, which compares to an average yield of 8.39% in the "Energy" preferred stock category, according to Preferred Stock Channel . 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 :

TNP.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Tsakos Energy Navigation Ltd (Symbol: TNP) makes up 1.90% of the MSCI Greece ETF ( GREK ) which is trading up by about 0.4% on the day Thursday.

In Thursday trading, Tsakos Energy Navigation Ltd's 8.875% Series C Cumulative Redeemable Perpetual (Symbol: TNP.PRC) is currently trading flat on the day, while the common shares (Symbol: TNP) are trading flat.

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 Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: GREK , TNP.PRC , TNP


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