Tsakos Energy Navigation's Series E Preferred Shares Cross 11.5% Yield Mark
June 03, 2020 at 14:16 PM EDT
In trading on Wednesday, shares of Tsakos Energy Navigation Ltd's 9.25% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (TNP. RE) were yielding above the 11.5% mark based on its quarterly dividend (annualized to $2.3125), with shares changing hands as low as $20.05 on the day.