Tsakos Energy Navigation Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares Crosses Above 9.5% Yield Territory
November 22, 2021 at 14:31 PM EST
In trading on Monday, 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 9.5% mark based on its quarterly dividend (annualized to $2.3125), with shares changing hands as low as $23.85 on the day.