Tsakos Energy (TNP) has released an update.
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.
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