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TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares

1. TEN declared a $0.59375 dividend for Series F Preferred Shares. 2. This dividend is the 26th since trading began on NYSE. 3. Dividend payment is set for January 30, 2025. 4. TEN has 6,747,147 Series F Preferred Shares outstanding. 5. The company celebrates 31 years as a public entity.

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FAQ

Why Bullish?

The dividend announcement may attract income-focused investors, boosting demand. Similar trends have benefited stocks post-dividend declarations.

How important is it?

The article directly discusses dividen changes, crucial for shareholder returns.

Why Short Term?

The immediate effect will be seen around the dividend payout date. Historically, dividend payouts positively influence stock prices shortly after announcement.

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NYSE: TENPRF
January 10, 2025 16:05 ET  | Source: Tsakos Energy Navigation ATHENS, Greece, Jan. 10, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TEN) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TENPRF). The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on October 30, 2024, through January 29, 2025. The dividend on the Series F Preferred Shares will be paid on January 30, 2025 to all holders of record of Series F Preferred Shares as of January 27, 2025. Dividends on the Series F Preferred Shares are payable quarterly in arrears on the 30th day (unless the 30th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of January, April, July and October of each year, when, as and if declared by TEN’s board of directors. This is the 26th dividend on the Series F since their commencement of trading on the New York Stock Exchange. TEN has 6,747,147 Series F Preferred Shares outstanding as of the date of this press release. ABOUT TEN Ltd. TEN, founded in 1993 and celebrating this year 31-years as a public company, is one of the first and most established public shipping companies in the world. TEN’s diversified energy fleet currently consists of 74 vessels, including three DP2 shuttle tankers, two scrubber-fitted suezmax vessels, two scrubber-fitted MR product tankers and five scrubber-fitted LR1 tankers under construction, consisting of a mix of crude tankers, product tankers and LNG carriers, totaling 8.9 million dwt. ABOUT FORWARD-LOOKING STATEMENTS Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. For further information, please contact: Company Tsakos Energy Navigation Ltd. George Saroglou President &COO +30210 94 07 710 gsaroglou@tenn.gr Investor Relations / Media Capital Link, Inc. Nicolas Bornozis Markella Kara +212 661 7566 ten@capitallink.com

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