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On 4/19/11, Tsakos Energy Navigation Ltd. (NYSE:TNP) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 4/28/11. As a percentage of TNP's recent stock price of $10.39, this dividend works out to approximately 1.44%.
Below is a dividend history chart for TNP, showing historical dividends prior to the most recent $0.15 declared by Tsakos Energy Navigation Ltd.:
TNP Dividend History
Date
Div*
01/21/11
0.150
10/20/10
0.150
07/08/10
0.150
04/21/10
0.300
10/20/09
0.300
04/22/09
0.850
10/21/08
0.900
04/22/08
0.900
10/18/07
0.825
04/12/07
0.750
10/18/06
0.625
04/11/06
0.550
10/18/05
0.500
04/13/05
0.475
10/18/04
0.350
04/13/04
0.250
10/15/03
0.250
04/10/03
0.100
10/11/02
0.250
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TNP is likely to continue, and whether the current estimated yield of 5.77% on annualized basis is a reasonable expectation of annual yield going forward.
According to the ETF Finder at ETF Channel, TNP makes up 4.13% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading lower by about 2.3% on the day Monday.
TNP operates in the Oil & Gas Equipment & Services sector, among companies like Weatherford International, Ltd. (NYSE:WFT) which is off about 1.6% today, and Kinder Morgan Energy Partners, L.P. (NYSE:KMP) trading lower by about 0.8%. Below is a three month price history chart comparing the stock performance of TNP, versus WFT and KMP.
In Monday trading, Tsakos Energy Navigation Ltd. shares are currently off about 1.1% on the day.
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