Tsakos Energy Navigation Ltd (NYSE:TNP) Updates On Dividend Release Date


On 2016-05-31, Tsakos Energy Navigation Ltd (NYSE:TNP) confirmed the dividend disbursement of $0.08 a share to shareholders as on record 2016-08-03. The firm will release dividend on 2016-08-10 while ex-dividend date is reported to be 2016-08-01.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Tsakos Energy Navigation Ltd (NYSE:TNP) paid a total of $0.08 per share in dividends. This figure stood at $0.08 a share in the same period a year ago indicating a deviation of 60%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $8.75 on the stock. This figure is the average of recommendations offered by 6 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $13 and $5.5, respectively.

Taking the mathematical rating formula, the price for Tsakos Energy Navigation Ltd (NYSE:TNP) stands at 1.36. Earnings Review Tsakos Energy Navigation Ltd (NYSE:TNP) will report its quarterly earnings for the period ending on 2016-06-30 by 2016-09-09. For the period ending on 2016-06-30, experts are expecting EPS of $0.14.

Coming to the quarter ending on 2015-12-31, Tsakos Energy Navigation Ltd (NYSE:TNP) recorded EPS of $0.25. The reported numbers came lower than the analysts’ estimates of $0.26, demonstrating a miss of $-0.01 as against reported figures.

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