Notable Dividend Flow: Tsakos Energy Navigation Ltd (NYSE:TNP) advises to “Mark your calendars” for Nov 10, 2016; dividends expected to reach $0.08.

Notable Dividend Flow: Tsakos Energy Navigation Ltd (NYSE:TNP) advises to

Tsakos Energy Navigation Ltd (NYSE:TNP) is expected to pay $0.08 on Nov 10, 2016. The indicated annual dividend is $0.32. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Tsakos Energy Navigation Ltd’s current price of $4.50, the dividend is 1.78%. This dividend’s record date is Nov 4, 2016 and the announcement date is Sep 9, 2016. The stock decreased 3.02% or $0.14 during the last trading session, hitting $4.5. About 400 shares traded hands. Tsakos Energy Navigation Ltd. (NYSE:TNP) has declined 27.07% since March 30, 2016 and is downtrending. It has underperformed by 30.08% the S&P500.

Tsakos Energy Navigation Limited is a well-known provider of international seaborne crude oil and petroleum product transportation services. The company has a market cap of $375.98 million. The Firm operates through maritime transportation of liquid energy related products segment. It has a 2.96 P/E ratio. It operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.

Tsakos Energy Navigation Ltd. (NYSE:TNP) Ratings Coverage

Out of 5 analysts covering Tsakos Energy Navigation Ltd (NYSE:TNP), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Tsakos Energy Navigation Ltd has been the topic of 7 analyst reports since January 19, 2016 according to StockzIntelligence Inc. UBS downgraded Tsakos Energy Navigation Ltd. (NYSE:TNP) on Tuesday, July 26 to “Neutral” rating. The firm earned “Buy” rating on Wednesday, July 27 by Jefferies. The stock of Tsakos Energy Navigation Ltd. (NYSE:TNP) has “Buy” rating given on Wednesday, May 4 by Seaport Global. Morgan Stanley maintained the shares of TNP in a report on Wednesday, June 1 with “Overweight” rating. The firm has “Overweight” rating by JP Morgan given on Thursday, April 7. The firm has “Overweight” rating by JP Morgan given on Tuesday, March 15.

Another recent and important Tsakos Energy Navigation Ltd. (NYSE:TNP) news was published by Hellenicshippingnews.com which published an article titled: “New Broker Ratings For Tsakos Energy Navigation Ltd” on August 23, 2016.

TNP Company Profile

Tsakos Energy Navigation Limited, incorporated on July 16, 1993, is a well-known provider of international seaborne crude oil and petroleum product transportation services. The Firm operates through maritime transportation of liquid energy related products segment. The Firm operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters. The Company’s fleet also includes a liquefied natural gas (LNG) carrier and over two shuttle suezmax tankers with dynamic positioning technology (DP2). Approximately 20 of the operating vessels are of ice-class specification. This fleet diversity includes a range of sister ships. The operating fleet totals approximately 5.2 million deadweight tonnage (dwt), all of which is double-hulled.

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