Tsakos Energy Navigation, a US-listed owner of about 70 vessels on the water or under construction, raised its dividend by 50% after reporting yet another profitable quarter on Wednesday.
It will pay a dividend of $0.90 per share for the second half of the year, up from $0.60 per share in the first half.
Chief operating officer George Saroglou said: “We are pleased to report another profitable quarter, which, despite being impacted by various repositioning voyages and three dry-dockings, allowed TEN to reward its shareholders with a [2024] dividend payment 50% higher than the one paid for 2023 operations.”
