Markets

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

On 4/26/19, 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 4/30/19. As a percentage of TNP.PRB's recent share price of $25.47, this dividend works out to approximately 1.96%, so look for shares of TNP.PRB to trade 1.96% lower — all else being equal — when TNP.PRB shares open for trading on 4/26/19. On an annualized basis, the current yield is approximately 7.87%, which compares to an average yield of 8.17% 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

In Wednesday trading, Tsakos Energy Navigation Ltd's 8.00% Series B Cumulative Redeemable Perpetual (Symbol: TNP.PRB) is currently trading flat on the day, while the common shares (Symbol: TNP) are up about 0.3%.

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.

In This Story

TNP

Other Topics

Stocks Fixed Income

Latest Markets Videos