On 1/27/14, Tsakos Energy Navigation Ltd.'s 8.00% Series B Cumulative Redeemable Perpetual (TNP.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/30/14. As a percentage of TNP.PRB's recent share price of $22.82, this dividend works out to approximately 2.19%, so look for shares of TNP.PRB to trade 2.19% lower — all else being equal — when TNP.PRB shares open for trading on 1/27/14. On an annualized basis, the current yield is approximately 8.76%, which compares to an average yield of 6.16% in the "Energy" preferred stock category, according to Preferred Stock Channel.
As of last close, TNP.PRB was trading at a 8.60% discount to its liquidation preference amount, versus the average premium of 6.43% in the "Energy" category. The chart below shows the one year performance of TNP.PRB shares, versus TNP:
Below is a dividend history chart for TNP.PRB, showing historical dividends prior to the most recent $0.50 on Tsakos Energy Navigation Ltd.'s 8.00% Series B Cumulative Redeemable Perpetual :
According to the ETF Finder at ETF Channel, Tsakos Energy Navigation Ltd. (TNP) makes up 4.13% of the Guggenheim Shipping ETF (SEA) which is trading lower by about 1.2% on the day Thursday.