Cash Dividend On The Way From Tsakos Energy Navigation (TNP)

Looking at the universe of stocks we cover at Dividend Channel, on 5/19/15, Tsakos Energy Navigation Ltd. ( TNP) will trade ex-dividend, for its quarterly dividend of $0.06, payable on 5/28/15. As a percentage of TNP's recent stock price of $9.68, this dividend works out to approximately 0.62%, so look for shares of Tsakos Energy Navigation Ltd. to trade 0.62% lower — all else being equal — when TNP shares open for trading on 5/19/15.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

Below is a dividend history chart for TNP, showing historical dividends prior to the most recent $0.06 declared by Tsakos Energy Navigation Ltd.:

TNP+Dividend+History+Chart

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 2.48% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TNP shares, versus its 200 day moving average:

Tsakos Energy Navigation Ltd. 200 Day Moving Average Chart

Looking at the chart above, TNP's low point in its 52 week range is $4.75 per share, with $9.77 as the 52 week high point — that compares with a last trade of $9.57.

According to the ETF Finder at ETF Channel, TNP makes up 2.97% of the Guggenheim Shipping ETF ( SEA) which is trading relatively unchanged on the day Friday.

According to Preferred Stock Channel, there are 2 series of preferred stock that are senior to TNP — find out what they are ».

In Friday trading, Tsakos Energy Navigation Ltd. shares are currently up about 1.4% on the day.

If you liked this article you might like

Tsakos Energy Navigation (TNP) Is Weak On High Volume Today

Tsakos Energy (TNP) Stock Gains as Q1 Results Beat Estimates

3 Foreign Stocks that Look Safe and Cheap

3 Foreign Stocks that Look Safe and Cheap

Tsakos Energy Navigation (TNP) Is Strong On High Volume Today

Trade-Ideas: Tsakos Energy Navigation (TNP) Is Today's Weak On High Relative Volume Stock