TEN Ltd. declared a quarterly dividend of $0.59375 for its Series F Preferred Shares, payable January 30, 2026.
Quiver AI Summary
TEN Ltd. announced a regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares, with payment scheduled for January 30, 2026. This dividend covers the period from October 30, 2025, to January 29, 2026, and will be distributed to shareholders of record as of January 27, 2026. This marks the 30th dividend declaration for the Series F Preferred Shares since their listing on the NYSE. TEN Ltd., founded in 1993, operates a diversified energy fleet of 82 vessels and remains one of the leading public shipping companies globally.
Potential Positives
- The declaration of a regular quarterly cash dividend of approximately $0.59375 per share for the Series F Preferred Shares demonstrates the company’s commitment to returning capital to shareholders and maintaining investor confidence.
- This marks the 30th consecutive dividend payment on the Series F Preferred Shares, highlighting the company’s steady financial performance and reliability in dividend distribution.
- With 6,747,147 Series F Preferred Shares outstanding, the company's ability to sustain dividend payments indicates strong operational performance and potential financial stability.
- The mention of TEN’s diversified fleet comprising 82 vessels underscores the company's established position in the shipping industry, promoting confidence among investors and stakeholders.
Potential Negatives
- The announcement of the quarterly cash dividend may indicate that the company is facing challenges in maintaining stable financial performance, as dividends are typically closely scrutinized by investors and can reflect the overall health of the company.
- The press release primarily focuses on the dividend payment without providing substantial context on the company’s financial performance or prospects, potentially leading to investor concerns about transparency or the sustainability of the dividend amidst market conditions.
- The mention of forward-looking statements introduces risks and uncertainties, which might raise alarm among stakeholders regarding future performance and operational challenges the company may face.
FAQ
What is the amount of the recent dividend declared by TEN Ltd.?
The recent dividend declared by TEN Ltd. is approximately $0.59375 per share for its Series F Preferred Shares.
When will the dividend for Series F Preferred Shares be paid?
The dividend will be paid on January 30, 2026, to holders of record as of January 27, 2026.
How often does TEN Ltd. pay dividends on its Series F Preferred Shares?
Dividends on the Series F Preferred Shares are payable quarterly in January, April, July, and October each year.
How many Series F Preferred Shares does TEN Ltd. have outstanding?
As of the date of the press release, TEN Ltd. has 6,747,147 Series F Preferred Shares outstanding.
What kind of company is TEN Ltd.?
TEN Ltd. is a leading diversified operator in crude, product, and LNG tanker shipping, founded in 1993.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TEN Hedge Fund Activity
We have seen 47 institutional investors add shares of $TEN stock to their portfolio, and 30 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SAGIL CAPITAL LLP added 757,565 shares (+inf%) to their portfolio in Q3 2025, for an estimated $16,833,094
- CASTLEKNIGHT MANAGEMENT LP added 347,550 shares (+51.0%) to their portfolio in Q3 2025, for an estimated $7,722,561
- BLACKROCK, INC. removed 285,515 shares (-87.9%) from their portfolio in Q3 2025, for an estimated $6,344,143
- ACADIAN ASSET MANAGEMENT LLC added 284,557 shares (+280.6%) to their portfolio in Q3 2025, for an estimated $6,322,856
- MILLENNIUM MANAGEMENT LLC added 222,931 shares (+347.1%) to their portfolio in Q3 2025, for an estimated $4,953,526
- RENAISSANCE TECHNOLOGIES LLC removed 163,465 shares (-29.2%) from their portfolio in Q3 2025, for an estimated $3,632,192
- BANK OF AMERICA CORP /DE/ removed 136,954 shares (-95.8%) from their portfolio in Q3 2025, for an estimated $3,043,117
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATHENS, Greece, Jan. 05, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or 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, 2025, through January 29, 2026.
The dividend on the Series F Preferred Shares will be paid on January 30, 2026, to all holders of record of Series F Preferred Shares as of January 27, 2026. Dividends on the Series F Preferred Shares are payable quarterly in arrears on the 30 th day (unless the 30 th 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 30 th dividend on the Series F Preferred Shares 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.
Founded in 1993 and celebrating 32 years as a public company, TEN is one of the first and most established public shipping companies in the world. TEN's diversified energy fleet currently consists of 82 vessels, including ten DP2 shuttle tankers, three VLCCs, 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 approx. 11 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
[email protected]
Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis/ Markella Kara
+212 661 7566
[email protected]
