TEN Ltd. (NYSE: TEN), a major operator in crude, product, and LNG tankers, has declared a dividend on its Series E Cumulative Perpetual Preferred Shares. The company provided details regarding the dividend amount and payment schedule.
This announcement reflects TEN Ltd.’s ongoing commitment to delivering returns to its preferred shareholders. The dividend will be paid according to the terms established for the Series E preferred stock.
**Why this matters**
Dividend declarations on preferred shares signal financial stability and confidence in cash flow. For investors, this provides a predictable income stream and reinforces the company’s position in the shipping industry.
Source: NewsData