TEN Ltd. announced a quarterly dividend of $0.578125 for its Series E Preferred Shares, payable August 28, 2026.
Quiver AI Summary
TEN Ltd. announced a quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares, payable on August 28, 2026, to shareholders of record as of August 25, 2026. This dividend covers the period from May 28, 2026, to August 27, 2026, and marks the 38th dividend since the Series E shares began trading on the New York Stock Exchange. TEN has 4,745,947 Series E Preferred Shares currently outstanding. The company, founded in Bermuda in 1993, operates a diversified fleet of 83 vessels and has been publicly traded for 24 years. The press release also contains forward-looking statements with associated risks and uncertainties.
Potential Positives
- TEN Ltd. declared a regular quarterly cash dividend of $0.578125 per share for its Series E Preferred Shares, demonstrating the company's commitment to returning value to its shareholders.
- This marks the 38th consecutive dividend payment on the Series E Preferred Shares, indicating a stable financial track record and ongoing profitability.
- The company maintains a significant number of outstanding Series E Preferred Shares (4,745,947), which reflects investor confidence in the company's performance and stability.
Potential Negatives
- The announcement of the dividend, while regular, may indicate a lack of significant growth or new investment opportunities since it reflects consistent, rather than increasing, returns to shareholders.
- The reliance on a preferred shares dividend could suggest limited cash flow or operational challenges affecting the company's ability to provide more robust financial returns for common shareholders.
- The lack of engagement with broader company performance metrics in the press release may raise concerns among investors regarding the company's overall health and future outlook.
FAQ
What is the latest dividend announced by TEN Ltd.?
The latest dividend announced by TEN Ltd. is $0.578125 per share for the Series E Preferred Shares.
When will the dividend be paid to shareholders?
The dividend will be paid on August 28, 2026, to shareholders on record as of August 25, 2026.
How frequently does TEN pay dividends on Series E Preferred Shares?
Dividends on Series E Preferred Shares are paid quarterly in February, May, August, and November each year.
How many Series E Preferred Shares are outstanding?
As of the announcement, there are 4,745,947 Series E Preferred Shares outstanding.
Who can I contact for more information about TEN Ltd.?
For more information, you can contact George Saroglou, President & COO, at +30210 94 07 710 or [email protected].
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 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 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.
- 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 68 institutional investors add shares of $TEN stock to their portfolio, and 36 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SAGIL CAPITAL LLP removed 611,366 shares (-71.0%) from their portfolio in Q1 2026, for an estimated $24,124,502
- ACADIAN ASSET MANAGEMENT LLC added 586,674 shares (+1749.8%) to their portfolio in Q1 2026, for an estimated $23,150,156
- COOPER CREEK PARTNERS MANAGEMENT LLC added 397,557 shares (+inf%) to their portfolio in Q1 2026, for an estimated $15,687,599
- PALE FIRE CAPITAL SE removed 295,909 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $11,676,569
- GOLDMAN SACHS GROUP INC added 283,395 shares (+282.0%) to their portfolio in Q1 2026, for an estimated $11,182,766
- WALLEYE CAPITAL LLC added 248,345 shares (+654.1%) to their portfolio in Q1 2026, for an estimated $9,799,693
- JANE STREET GROUP, LLC added 216,524 shares (+133.2%) to their portfolio in Q1 2026, for an estimated $8,544,037
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, Aug. 03, 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 $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE; TENPRE).
The dividend on the Series E Preferred Shares is for the period from the most recent dividend payment date of May 28, 2026, through August 27, 2026.
The dividend on the Series E Preferred Shares will be paid on August 28, 2026, to all holders of record of Series E Preferred Shares as of August 25, 2026. Dividends on the Series E Preferred Shares are payable quarterly in arrears on the 28 th day (unless the 28 th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, as and if declared by TEN’s board of directors. This is the 38 th dividend on the Series E Preferred Shares since their commencement of trading on the New York Stock Exchange.
TEN has 4,745,947 Series E Preferred Shares outstanding as of the date of this press release.
ABOUT TSAKOS ENERGY NAVIGATION
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 83 vessels, 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]
