Tsakos Energy Navigation Ltd (TEN) To Go Ex-Dividend on February 11th

Tsakos Energy Navigation Ltd (NYSE:TEN) declared a dividend on Thursday, November 20th. Investors of record on Wednesday, February 11th will be paid a dividend of 0.50 per share on Thursday, February 19th. This represents a yield of 399.0%. The ex-dividend date is Wednesday, February 11th.

Tsakos Energy Navigation has raised its dividend by an average of 0.2%annually over the last three years. Tsakos Energy Navigation has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Tsakos Energy Navigation to earn $4.35 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.6%.

Tsakos Energy Navigation Stock Performance

Tsakos Energy Navigation stock opened at $24.58 on Friday. The company has a market cap of $740.55 million, a PE ratio of 8.78 and a beta of -0.15. Tsakos Energy Navigation has a 12 month low of $13.40 and a 12 month high of $26.69. The company has a fifty day moving average price of $23.28 and a two-hundred day moving average price of $20.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.30 and a quick ratio of 1.25.

Tsakos Energy Navigation (NYSE:TEN) last posted its quarterly earnings results on Thursday, November 20th. The company reported $1.05 EPS for the quarter. The business had revenue of $158.84 million during the quarter. Tsakos Energy Navigation had a net margin of 14.17% and a return on equity of 12.03%. Research analysts expect that Tsakos Energy Navigation will post 3.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

TEN has been the topic of a number of research reports. Zacks Research cut Tsakos Energy Navigation from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $24.00 price target on shares of Tsakos Energy Navigation in a report on Thursday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Tsakos Energy Navigation presently has an average rating of “Hold” and a consensus price target of $32.00.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.