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, August 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $9.02 as of 9:56 a.m. ET, the dividend yield is 6.6%.

The average volume for Tsakos Energy Navigation has been 125,400 shares per day over the past 30 days. Tsakos Energy Navigation has a market cap of $417.5 million and is part of the services sector and transportation industry. Shares are down 9.4% year to date as of the close of trading on Friday.

Tsakos Energy Navigation Limited, together with its subsidiaries, provides seaborne crude oil and petroleum product transportation services worldwide.

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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 good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Tsakos Energy Navigation Ratings Report.

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