Tsakos Energy Navigation Limited Declares Dividend
Tsakos Energy Navigation Limited (NYSE: TNP), announced that its Board of Directors a cash dividend of $0.44444 per share of its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Prefered Shares”; NYSE; TNPPRB) for the period fromthe original issuance of the Series B Preferred Shares on May 10, 2013 through July 29, 2013.
The dividend will be paid on July 30, 2013 to all holders of record of Series B Preferred Shares as of July 29, 2013.
TEN has 2,000,000 Series B Preferred Shares outstanding as of today. This is the first cash dividend TEN has declared since the commencement of trading of its Series B Preferred Shares on the New York Stock Exchange on May 13, 2013.