Tsakos Energy Navigation stock: $150 million buyback authorized

Published on 10/31/2026 at 01:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tsakos Energy Navigation stock also plans to double its first semi-annual common dividend in January 2027. The decision followed a strategy meeting in Athens.

Dividend and Buyback Plan

TEN plans to double its first semi-annual common dividend compared with the 2026 payment.
The share repurchase authorization covers common and preferred shares, with execution dependent on market conditions.
The company says its diversified energy fleet comprises 80 vessels totaling approximately 10.4 million deadweight tons.

TEN, BMG9108L1735, Illustration mit AI erstellt.

Tsakos Energy Navigation announced on Monday, October 26, 2026, that it plans to distribute its first semi-annual common dividend of 1.00 US dollar per share in January 2027 and authorized repurchases of up to 150 million US dollars in common and preferred shares. The announcement was published by Yahoo Finance from a GlobeNewswire release.

Capital Returns Move Higher

The planned common dividend represents a 100 percent increase from the first semi-annual payment in 2026. TEN said the payment and record dates would be announced later.

The buyback authorization covers both common and preferred shares. The company said the timing, purchase prices and number of shares bought will depend on market conditions, so the authorization does not establish a fixed repurchase schedule.

Latest Trading Quote

The real-time quote of Tsakos Energy Navigation stock stood at 48.38 euros on Lang & Schwarz at 11:00 p.m. CET on Friday, October 30, 2026.

Fleet And Business Profile

TEN describes itself as a public shipping company focused on energy transportation. Its diversified pro forma fleet consists of 80 vessels with total capacity of approximately 10.4 million deadweight tons, according to the company statement.