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Tsakos Energy Navigation Series B Cumulative Redeemable Perpetual About To Put More Money In Your Pocket

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Shutterstock photo

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On 1/25/17, 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 1/30/17. As a percentage of TNP.PRB's recent share price of $25.63, this dividend works out to approximately 1.95%, so look for shares of TNP.PRB to trade 1.95% lower - all else being equal - when TNP.PRB shares open for trading on 1/25/17. On an annualized basis, the current yield is approximately 7.81%, which compares to an average yield of 8.45% 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 2.04% of the MSCI Greece ETF ( GREK ) which is trading lower by about 0.2% on the day Monday.

In Monday 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 off about 3.2%.

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.


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

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