Tsakos Energy Navigation Stock To Go Ex-dividend Tomorrow (TNP)

NEW YORK ( TheStreet) -- The ex-dividend date for Tsakos Energy Navigation (NYSE: TNP) is tomorrow, April 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $10.51 as of 9:31 a.m. ET, the dividend yield is 5.7%.

The average volume for Tsakos Energy Navigation has been 244,800 shares per day over the past 30 days. Tsakos Energy Navigation has a market cap of $481.6 million and is part of the services sector and transportation industry. Shares are up 5% year to date as of the close of trading on Friday.

Tsakos Energy Navigation Limited, together with its subsidiaries, provides seaborne crude oil, petroleum products, and liquefied natural gas (LNG) transportation services internationally. The company has a P/E ratio of 20.9, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 16.4.
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TheStreet Ratings rates Tsakos Energy Navigation as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and weak operating cash flow. You can view the full Tsakos Energy Navigation Ratings Report.

See our dividend calendar or top-yielding stocks list.

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