TEN Ltd. declares a quarterly dividend of $0.59375 per Series F Preferred Share, payable on October 30, 2026.
Quiver AI Summary
TEN Ltd. announced a quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares, covering the period from July 30, 2026, to October 29, 2026. This dividend is payable on October 30, 2026, to shareholders on record as of October 27, 2026. This marks the 33rd dividend distribution since the Series F Preferred Shares began trading on the NYSE. TEN Ltd., established in 1993 and listed for 24 years on the NYSE, operates a diverse fleet of 80 vessels totaling approximately 10.4 million dwt. The company also reminds investors that the press release includes forward-looking statements that carry risks and uncertainties.
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 value to its shareholders.
- This marks the 33rd consecutive dividend payment on the Series F Preferred Shares, indicating a stable and consistent financial performance.
- The payment of the dividend enhances the attractiveness of the Series F Preferred Shares to current and potential investors, potentially increasing demand for the stock.
- With 6,747,147 Series F Preferred Shares outstanding, the ongoing dividend payments may positively influence investor sentiment and confidence in TEN Ltd.'s financial stability.
Potential Negatives
- The announcement of the dividend may indicate a lack of significant growth opportunities, as the company is relying on regular payments to preferred shareholders instead of reinvesting in expansion or innovation.
- The mention of forward-looking statements may signal potential risks and uncertainties in the company's future performance, which could concern investors.
- The regular dividend payment might suggest that the company is prioritizing short-term returns to shareholders over long-term strategic investments, potentially affecting its competitiveness.
FAQ
What is the declared dividend for Series F Preferred Shares?
TEN Ltd. declared a quarterly cash dividend of approximately $0.59375 per Series F Preferred Share.
When will the next dividend payment be made?
The next dividend payment will be made on October 30, 2026, to shareholders of record as of October 27, 2026.
How often are dividends paid on Series F Preferred Shares?
Dividends on the Series F Preferred Shares are paid quarterly in January, April, July, and October each year.
How many Series F Preferred Shares are currently outstanding?
As of the date of this press release, there are 6,747,147 Series F Preferred Shares outstanding.
What year did TEN Ltd. become a public company?
TEN Ltd. was founded in 1993 and has been a public company for 33 years, including 24 years on the NYSE.
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 Insider Trading Activity
$TEN insiders have traded $TEN stock on the open market 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $TEN stock by insiders over the last 6 months:
- NIKOLAOS TSAKOS (Chief Executive Officer) has made 2 purchases buying 25,000 shares for an estimated $998,341 and 0 sales.
- THEOHARRYS EVGENIOS KOSMATOS (CFO and CAO) sold 10,000 shares for an estimated $530,014
- CLIO HATZIMICHALIS sold 5,000 shares for an estimated $205,331
- NICHOLAS FRANCIS TOMMASINO sold 2,490 shares for an estimated $99,761
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$TEN Hedge Fund Activity
We have seen 64 institutional investors add shares of $TEN stock to their portfolio, and 55 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CASTLEKNIGHT MANAGEMENT LP removed 431,054 shares (-35.0%) from their portfolio in Q2 2026, for an estimated $15,246,379
- ACADIAN ASSET MANAGEMENT LLC added 401,440 shares (+64.7%) to their portfolio in Q2 2026, for an estimated $14,198,932
- COOPER CREEK PARTNERS MANAGEMENT LLC removed 397,557 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $14,061,591
- TWO SIGMA INVESTMENTS, LP added 337,401 shares (+94.5%) to their portfolio in Q2 2026, for an estimated $11,933,873
- WALLEYE CAPITAL LLC removed 266,513 shares (-93.1%) from their portfolio in Q2 2026, for an estimated $9,426,564
- SAGIL CAPITAL LLP removed 250,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $8,842,500
- JPMORGAN CHASE & CO added 182,626 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,459,481
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
ATHENS, Greece, Oct. 05, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified tanker and LNG 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 July 30, 2026, through October 29, 2026.
The dividend on the Series F Preferred Shares will be paid on October 30, 2026, to all holders of record of Series F Preferred Shares as of October 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 33 rd 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 Bermuda in 1993 and celebrating 33 years as a public company, 24 of which on the NYSE, TEN is one of the first and most established public shipping companies in the world. TEN's diversified pro-forma energy fleet currently consists of 80 vessels, totaling approx. 10.4 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]
