Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 21, 2022, it operated a fleet of 66 double-hull vessels, comprising of 60 conventional tankers, three LNG carriers, and three suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.
Tsakos Energy Navigation Dividend Announcement
• Tsakos Energy Navigation announced a quarterly dividend of $0.60 per ordinary share which will be made payable on 2024-07-18. Ex dividend date: 2024-07-12
• Tsakos Energy Navigation annual dividend for 2024 was $0.60
• Tsakos Energy Navigation annual dividend for 2023 was $1.00
• Tsakos Energy Navigation's trailing twelve-month (TTM) dividend yield is 3.07%
• Tsakos Energy Navigation's dividend growth over the last five years (2018-2023) was 46.14% year
• Tsakos Energy Navigation's dividend growth over the last ten years (2013-2023) was 20.89% year
Tsakos Energy Navigation Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-12 | $0.60 | quarterly | 2024-07-18 |
2023-12-13 | $0.30 | quarterly | 2023-12-20 |
2023-10-19 | $0.40 | quarterly | 2023-10-26 |
2023-06-08 | $0.30 | quarterly | 2023-06-15 |
2022-12-13 | $0.15 | quarterly | 2022-12-20 |
2022-07-13 | $0.10 | quarterly | 2022-07-20 |
2021-07-13 | $0.10 | quarterly | 2021-07-20 |
2020-12-15 | $0.12 | quarterly | 2020-12-22 |
2020-06-19 | $0.07 | quarterly | 2020-06-26 |
2019-12-11 | $0.05 | quarterly | 2019-12-18 |
2018-11-29 | $0.05 | quarterly | 2018-12-06 |
2018-08-01 | $0.05 | quarterly | 2018-08-08 |
2018-05-02 | $0.05 | quarterly | 2018-05-10 |
2017-12-20 | $0.05 | quarterly | 2017-12-29 |
2017-11-08 | $0.05 | quarterly | 2017-11-15 |
2017-07-07 | $0.05 | quarterly | 2017-07-14 |
2017-04-21 | $0.05 | quarterly | 2017-04-28 |
2016-12-14 | $0.05 | quarterly | 2016-12-22 |
2016-11-02 | $0.08 | quarterly | 2016-11-10 |
2016-08-01 | $0.08 | quarterly | 2016-08-10 |
2016-03-28 | $0.08 | quarterly | 2016-04-07 |
2015-12-07 | $0.06 | quarterly | 2015-12-15 |
2015-09-01 | $0.06 | quarterly | 2015-09-10 |
2015-05-19 | $0.06 | quarterly | 2015-05-28 |
2015-02-10 | $0.06 | quarterly | 2015-02-19 |
2014-11-19 | $0.05 | quarterly | 2014-11-25 |
2014-08-07 | $0.05 | quarterly | 2014-08-14 |
2014-05-15 | $0.05 | quarterly | 2014-05-22 |
2013-12-10 | $0.05 | quarterly | 2013-12-17 |
2013-09-05 | $0.05 | quarterly | 2013-09-12 |
2013-05-28 | $0.05 | quarterly | 2013-06-05 |
Tsakos Energy Navigation Dividend per year
Tsakos Energy Navigation Dividend growth
Tsakos Energy Navigation Dividend Yield
Tsakos Energy Navigation current trailing twelve-month (TTM) dividend yield is 3.07%. Interested in purchasing Tsakos Energy Navigation stock? Use our calculator to estimate your expected dividend yield:
Tsakos Energy Navigation Financial Ratios
Tsakos Energy Navigation Dividend FAQ
Other factors to consider when evaluating Tsakos Energy Navigation as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Tsakos Energy Navigation's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Tsakos Energy Navigation publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Tsakos Energy Navigation distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Tsakos Energy Navigation are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Tsakos Energy Navigation sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Tsakos Energy Navigation distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tsakos Energy Navigation declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Tsakos Energy Navigation's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Tsakos Energy Navigation's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.