Tsakos Energy Navigation's Series F Preferred Shares Cross 10.5% Yield Mark

By Preferred Stock Channel Staff, Tuesday, January 26, 2:32 PM ET

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In trading on Tuesday, shares of Tsakos Energy Navigation Ltd's 9.50% Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (NYSE:TNP.PRF) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $2.375), with shares changing hands as low as $22.10 on the day. This compares to an average yield of 9.26% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. As of last close, TNP.PRF was trading at a 9.44% discount to its liquidation preference amount, versus the average discount of 7.64% in the "Oil & Gas Equipment & Services" category.

The chart below shows the one year performance of TNP.PRF shares, versus TNP:

Performance Comparison Chart

Below is a dividend history chart for TNP.PRF, showing historical dividend payments on Tsakos Energy Navigation Ltd's 9.50% Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares:

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In Tuesday trading, Tsakos Energy Navigation Ltd's 9.50% Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (NYSE:TNP.PRF) is currently up about 0.5% on the day, while the common shares (NYSE:TNP) are down about 1.4%.

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Tsakos Energy Navigation's Series F Preferred Shares Cross 10.5% Yield Mark

Tsakos Energy Navigation's Series F Preferred Shares Cross 10.5% Yield Mark | www.PreferredStockChannel.com