Seeking Alpha
28 Oct 2026, 21:51 UTC · 1h ago
Tsakos Energy Navigation: The Preferred Might Be A Better Pick Than The Common
Impact · against what's priced in
The share repurchase program and dividend declaration for TEN provide a baseline for returns but are viewed as underwhelming compared to peers, limiting upside. The Series F preferreds offer a more predictable and better-covered yield, making them the more attractive entry point relative to the common equity.
- TEN+0.40
No priced-in read yet
- In context
The $150M share repurchase program and $1 common dividend for January 2027 provide a floor for the stock, though overall cash returns still lag behind industry peers.
Read from the article alone
