Tsakos Energy Navigation Series B Cumulative Redeemable Perpetual Shares Cross 8% Yield Mark
0 comments
Shutterstock photo
In trading on Friday, shares of Tsakos Energy Navigation Ltd’s 8.00% Series B Cumulative Redeemable Perpetual (Symbol: TNP.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.87 on the day. This compares to an average yield of 7.50% in the “Energy” preferred stock category, according to Preferred Stock Channel . As of last close, TNP.PRB was trading at a 1.96% premium to its liquidation preference amount, versus the average premium of 0.86% in the “Energy” category.
In Friday trading, Tsakos Energy Navigation Ltd’s 8.00% Series B Cumulative Redeemable Perpetual (Symbol: TNP.PRB) is currently down about 0.5% on the day, while the common shares (Symbol: TNP) are down about 0.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
