TEN Ltd. Announces Regular Dividend for Series F Shares
TEN Ltd. Announces Regular Dividend for Series F Shares
ATHENS, Greece — TEN Ltd. (“TEN”) (NYSE: TEN), a leader in diversified tanker operations, has officially declared a quarterly cash dividend of about $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares. This significant announcement reflects TEN's dedication towards its stakeholders.
Details of the Dividend Declaration
The recently declared dividend is applicable for the period extending from the last payment date on July 30, 2025, to October 29, 2025. This brings forth an advantageous opportunity for holders of Series F Preferred Shares as they anticipate receiving the dividend amount.
Payment Timeline
This dividend will be disbursed on October 30, 2025, to all shareholders on record as of October 27, 2025. Scheduled quarterly, the dividends are typically paid on the 30th day of January, April, July, and October each year, conditional upon declaration by TEN’s board. Notably, this marks the 29th dividend payout on the Series F Preferred Shares since their trading inception.
Current Outstanding Shares
As of the press release date, TEN maintains a total of 6,747,147 Series F Preferred Shares that are currently outstanding. This number exemplifies the company’s ongoing commitment to providing shareholder returns via its preferred share structure.
Overview of TEN Ltd.
Established in 1993, TEN is esteemed as one of the pioneering maritime transportation companies worldwide. Celebrating over 32 years in public service, TEN's diversified fleet currently encompasses 82 vessels, including an impressive array of DP2 shuttle tankers, VLCCs, and various scrubber-fitted tankers. The company excels in transporting crude oil, refined products, and LNG, aggregating roughly 11 million dwt.
Importance of Dividend Payments
Dividends are crucial for maintaining investor trust and confidence. They reflect a company's commitment to returning value to its shareholders. TEN’s consistent dividends demonstrate its healthy cash flow and robust business model amidst a competitive industry.
Strategic Growth Initiatives
Looking ahead, TEN is committed to further enhancing its fleet and service capabilities to meet the growing demands of the global energy market. The company's strategic investments aim to improve operational efficiency and expand its market presence.
Frequently Asked Questions
What is the declared dividend amount for TEN's Series F shares?
The declared dividend for TEN's Series F Preferred Shares is approximately $0.59375 per share.
When will the dividend be paid?
The dividend will be paid on October 30, 2025, to shareholders on record as of October 27, 2025.
How many Series F Preferred Shares are outstanding?
As of the recent announcement, TEN has 6,747,147 Series F Preferred Shares outstanding.
What is the history of dividend payments for TEN?
This is the 29th dividend payment on TEN's Series F Preferred Shares since they began trading.
What is TEN's focus in their business operations?
TEN focuses on providing diversified shipping services, including the transportation of crude oil, refined products, and liquefied natural gas (LNG), while continually evolving its fleet.
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