TEN Ltd. Declares Quarterly Dividend on Series E Preferred

TEN Ltd. said Monday its board declared a regular quarterly cash dividend of $0.578125 per share on the company's Series E Cumulative Perpetual Preferred Shares, which trade on the New York Stock Exchange under the ticker TENPRE.

The dividend covers the period from May 28 through Aug. 27 and will be paid Aug. 28 to holders of record as of Aug. 25. It marks the 38th dividend on the Series E Preferred since the shares began trading.

TEN has 4,745,947 Series E Preferred shares outstanding, according to the press release.

The Athens-based tanker and LNG operator, founded in Bermuda in 1993, has been a public company for 33 years, 24 of them on the NYSE. Its fleet stands at 83 vessels totaling roughly 11 million deadweight tons.

For more on TEN, visit its stock page.