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:
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 :
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%.
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