Tsakos Energy Navigation's Series C Cumulative Redeemable Perpetual Yield Pushes Past 8.5%

In trading on Monday, shares of Tsakos Energy Navigation Ltd.'s 8.875% Series C Cumulative Redeemable Perpetual (TNP.PRC) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.2188), with shares changing hands as low as $25.99 on the day. This compares to an average yield of 7.02% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, TNP.PRC was trading at a 4.60% premium to its liquidation preference amount, versus the average premium of 7.43% in the "Energy" category.

The chart below shows the one year performance of TNP.PRC shares, versus TNP:

Performance Comparison Chart

Below is a dividend history chart for TNP.PRC, showing historical dividend payments on Tsakos Energy Navigation Ltd.'s 8.875% Series C Cumulative Redeemable Perpetual :

TNP.PRC+Dividend+History+Chart

In Monday trading, Tsakos Energy Navigation Ltd.'s 8.875% Series C Cumulative Redeemable Perpetual ( TNP.PRC) is currently down about 0.6% on the day, while the common shares ( TNP) are down about 0.5%.

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