TEN Ltd. Announces Attractive Dividend for Preferred Shares
TEN Ltd. Announces Dividend on Series F Preferred Shares
ATHENS, Greece — TEN Ltd. (“TEN”) (NYSE: TEN), a prominent operator in the tanker industry, is excited to share that its Board of Directors has declared a quarterly cash dividend approximately amounting to $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TENPRF).
About the Dividend Declaration
This dividend covers the period starting from the last payment date on April 30, 2025, and extends through to July 29, 2025.
The payment of this dividend will be executed on July 30, 2025, to all existing owners of Series F Preferred Shares recorded by July 25, 2025. These dividends are distributed quarterly in arrears on the 30th of January, April, July, and October of each year, contingent on declarations made by the Board of Directors. The upcoming dividend marks the 28th issuance of dividends on the Series F since they began trading on the New York Stock Exchange.
Details of Series F Preferred Shares
As of this announcement, TEN has an outstanding total of 6,747,147 Series F Preferred Shares. The robust performance and consistent dividends showcase TEN's strong position within the market, affirming its commitment to providing real value to its shareholders.
About TEN Ltd.
Established in 1993, TEN has built a renowned legacy as one of the first public shipping companies globally, celebrating over three decades of successful operations. The company boasts a diverse fleet of 82 vessels, including innovative DP2 shuttle tankers, scrubber-fitted suezmax vessels, and product tankers, with additional new constructions underway. This impressive fleet encompasses a total deadweight tonnage of 10.1 million, consolidating TEN’s stature within the maritime industry.
Company Insights and Future Outlook
One of the standout features of TEN’s operations is its adaptability within the dynamic energy transport sector. The fleet includes a variety of vessels configured for crude oil, LNG, and refined products, strategically positioning the company to meet global energy demands.
Investors and stakeholders can rest assured knowing that TEN is committed to maintaining high standards and innovative practices in every aspect of its operations. This dividend announcement is a testament to its financial stability and stewardship in a competitive industry environment.
Contact Information for Inquiries
Company Contact:
Tsakos Energy Navigation Ltd.
George Saroglou
President & COO
Phone: +30210 94 07 710
Email: gsaroglou@tenn.gr
Investor Relations / Media:
Capital Link, Inc.
Nicolas Bornozis
Markella Kara
Phone: +212 661 7566
Email: ten@capitallink.com
Frequently Asked Questions
What is the amount of the dividend declared by TEN Ltd.?
TEN Ltd. declared a dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares.
When will the dividend be paid?
The dividend will be paid on July 30, 2025, to shareholders recorded by July 25, 2025.
How often does TEN Ltd. issue dividends for Series F shares?
Dividends on Series F Preferred Shares are paid quarterly on the 30th of January, April, July, and October, as declared by the Board.
How long has TEN Ltd. been operating?
TEN Ltd. has been in operation since 1993, celebrating over 30 years of public company status.
What types of vessels does TEN Ltd. operate?
TEN Ltd. operates a diverse fleet consisting of crude tankers, product tankers, LNG carriers, and specialty vessels, totaling 82 vessels currently.
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