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

Posted
4/23/2014 1:40:00 PM
By: BNK Invest
Referenced Stocks:SEA;TNP.PRB;TNP

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%.

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