Tsakos Energy (TNP) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tsakos Energy Navigation (TEN) reported robust profits in the first quarter of 2024, with net income reaching $54.0 million and a significant increase in dividends to $0.60 per share, doubling from the previous year. The company is successfully pushing forward with its green initiative, operating six Dual-Fuel LNG vessels, and maintaining a strong cash reserve of $344.0 million. Amidst active fleet renewal and expansion strategies, TEN is poised for continued growth and shareholder value enhancement.
For further insights into TNP stock, check out TipRanks’ Stock Analysis page.
