TEN Ltd. announces dividend for Series F preferred shares

In Athens, Greece, on October 4, 2024, TEN Ltd. announced a quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares. This dividend is applicable for the period from July 30, 2024, to October 29, 2024, and will be paid on October 30, 2024, to shareholders on record as of October 25, 2024. This marks the 25th dividend declaration since the Series F shares began trading on the New York Stock Exchange. TEN Ltd. operates a diversified fleet of 74 vessels, including various types of tankers and carriers, totaling 8.9 million deadweight tons (dwt). The company has been consistent in its dividend payments, which are made quarterly in arrears, reflecting its stable financial performance and commitment to returning value to shareholders. The dividend payment schedule is set for January, April, July, and October each year, contingent upon board approval. The announcement highlights TEN's ongoing operational success and its ability to maintain shareholder returns despite market fluctuations. The company’s fleet includes advanced vessels, such as DP2 shuttle tankers and scrubber-fitted tankers, which are essential for meeting the evolving demands of the energy sector. Overall, the declaration of this dividend reinforces TEN Ltd.'s position as a leading player in the maritime energy transportation industry, showcasing its financial health and strategic focus on shareholder value.