Tsakos Energy Navigation Ltd (NYSE:TNP) Set Payout Date As 2016-11-10


As per Tsakos Energy Navigation Ltd (NYSE:TNP) statement on 2016-09-09, the shareholders would obtain dividend for the gone quarter. The firm confirmed that it will disburse $0.08 per share as dividend. The record date is set as 2016-11-04, the payout date as 2016-11-10 and the ex-dividend date is 2016-11-02.

Last fiscal Tsakos Energy Navigation Ltd (NYSE:TNP) disbursed cash dividend of $0.08. A year ago, the payout was $0.08, which indicates a difference of 60 percent. The five year past track record substantiates that the average payout as offered by the firm stands at $0.08, implying -16.7447 percent growth.

For the period ended on 2015-12-31, Tsakos Energy Navigation Ltd (NYSE:TNP)’s earnings came at $0.15 per share against EPS of $0.4 a year ago. In this quarter the firm can announce earnings for quarter ending 2016-09-30 on or around 2016-11-04. For this quarter, the analysts have estimate of $0.08 per share.

The pro tem price target for Tsakos Energy Navigation Ltd (NYSE:TNP) is set at $8.083. This level is the mean reached by averaging the stock prices given by 6 analysts. All these are Wall Street top brokerages and trail the firm’s performance frequently. The best price estimate for Tsakos Energy Navigation Ltd (NYSE:TNP)is seen at $12 and the lowest level is established at $5.5. This broad range highlights anaverage deviation of $2.498 in reported estimates.

A dividend is a willing distribution of a part of any company’s earnings, determined by the respective board, to a specific class of its stockholders. Dividends can be delivered as cash payments, or also as shares of stock.

The dividend rate may be cited in terms of the dollar each share gets (dividends per share), or It can even be quoted in percentage of the current market price, also referred as the dividend yield. A firm’s net profits can be assigned to shareholders through a dividend, or reserved within the firm as retained earnings.

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