TEN Ltd. Announces Dividend on Series F Preferred Shares
ATHENS, Greece — TEN Ltd. (NYSE: TEN), a notable name in the shipping industry, recently declared a regular quarterly cash dividend of approximately $0.59375 per share. This dividend is specifically for its Series F Cumulative Redeemable Perpetual Preferred Shares (NYSE: TENPRF).
Details of the Dividend Declaration
The dividend being distributed reflects the commitment of TEN Ltd. to provide steady returns to its shareholders. It applies to the period from the last dividend payment date on July 30 until October 29. This means shareholders can anticipate receiving payments on October 30, given they are holders of record by October 27.
Payment Schedule and Structure
These dividends are structured on a quarterly basis, with payments made in arrears on the 30th day of January, April, July, and October, unless adjusted for weekends or public holidays. This marks the 29th distribution on these preferred shares since they commenced trading on the New York Stock Exchange.
About TEN Ltd.
Founded in 1993, TEN Ltd. has become a respected entity in maritime transport, celebrated for its extensive and diverse fleet. As of now, the company operates 82 vessels which include ten DP2 shuttle tankers, three VLCCs, and various other specialized oil and gas carriers. The fleet, comprising a blend of cargo capabilities, allows TEN to maintain robust market flexibility.
Current Operations and Fleet Composition
TEN's fleet totals about 11 million deadweight tons (dwt), backing its claims of being a comprehensive shipping solution provider. The company remains committed to innovation and customer satisfaction through continuous fleet enhancement and operational efficiency.
Future Outlook for TEN Ltd.
While the company has established a solid foundation, its future prospects appear promising. With energy demands continually evolving and the need for maritime logistics steadily growing, TEN Ltd. is positioned to adapt and thrive. As a shareholder, one can expect consistent efforts from the company's board to maintain dividend payments, which underpin TEN's financial strategies.
How to Learn More About TEN Ltd.
With an established track record and ongoing commitment to dividend distribution, TEN Ltd. continues to present itself as a stable investment opportunity. Investors interested in further information regarding the company’s financial health, stock performance, and corporate strategies can reach out directly to their Investor Relations team.
Frequently Asked Questions
What is the dividend amount declared by TEN Ltd.?
The declared dividend amount is approximately $0.59375 per share for the Series F Preferred Shares.
When will the dividend be paid?
The dividend will be paid on October 30, following the record date of October 27.
How often does TEN Ltd. pay dividends?
TEN Ltd. pays dividends quarterly, with payments scheduled for January, April, July, and October.
How many Series F Preferred Shares are outstanding?
As of now, there are 6,747,147 Series F Preferred Shares outstanding.
Who can I contact for more information about TEN Ltd.?
For further queries, investors can contact George Saroglou, President & COO at Tsakos Energy Navigation Ltd.
