Tsakos Energy Navigation' Series F Preferred Shares Cross 9% Yield MarkBy Preferred Stock Channel Staff, Tuesday, January 2, 2:32 PM ETIn 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 9% mark based on its quarterly dividend (annualized to $2.375), with shares changing hands as low as $26.22 on the day. This compares to an average yield of 9.94% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, TNP.PRF was trading at a 5.80% premium to its liquidation preference amount, versus the average premium of 2.26% in the "Energy" category. The chart below shows the one year performance of TNP.PRF shares, versus TNP:
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:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter 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 off about 0.7% on the day, while the common shares (NYSE:TNP) are up about 2.1%.
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