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Tsakos Energy Navigation Limited Message Board

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  • Tyreds_Tale Tyreds_Tale Sep 17, 2005 11:13 PM Flag

    TNP on TV Monday (Link)

    I may be a stupid pedestrain, so help me out with the dividend. My data on TNP says there is a cash record date 10/13/05 with indicated .95, but it does not give the cash declare date. I'm assuming they can declare a greater amount than indicated, and it seems they have done so before. It also seems they have changed the date before. I suppose the president cant just give an update in an interview, but heck, that's what we want to know!

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    • TNP has had a stated policy of paying out semi-annual dividends that are about 1/3 of net income. The tables in newspapers that show $1.90 are not correct---they simply assume that the upcoming dividend will be the same as the prior one.
      If you watch the announcements on this website, one will appear shortly that will give the information pertaining to dividend payout. Until then you can only wait.

 
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