Tsakos Energy Navigation shares are trading higher after the company reported better-than-expected Q2 financial results. Also, the company announced a semi-annual dividend of $0.90 per share and an annual dividend of $1.50 for 2024.
Portfolio Pulse from Benzinga Newsdesk
Tsakos Energy Navigation (TEN) shares rose following the release of strong Q2 financial results. The company also declared a semi-annual dividend of $0.90 per share and an annual dividend of $1.50 for 2024.
September 11, 2024 | 5:15 pm
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Tsakos Energy Navigation reported better-than-expected Q2 results, boosting its stock price. The company also announced a semi-annual dividend of $0.90 and an annual dividend of $1.50 for 2024, which is likely to attract income-focused investors.
The better-than-expected Q2 results indicate strong financial performance, which typically boosts investor confidence and stock prices. The dividend announcement further enhances the stock's appeal to income investors, likely leading to a positive short-term impact on TEN's stock price.
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