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Preferreds Trading at the Largest Premiums
By Preferred Stock Channel Staff, updated Tuesday, April 23, 7:02 AM
#23. Tsakos Energy Navigation Ltd | 9.25% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (NYSE:TNP.PRE) | 5.12% CURRENT PREMIUM
Premium to Liquidation Preference: 5.12% | Average Premium in Category: 2.28% |
Current Annualized Yield: 8.80% | Average Yield in Category: 9.66% | Days Since Last Ex-Div Date: 57 | See Dividend History » | Categorization: Energy |
Series: | E | Alternate symbology: | TNP-E, TNP-PE, TNPprE | Redeemable?: | Yes | Call Date: | 5/28/2027 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 4,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $26.30 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $1.30 (5.20%) | Annualized Dividend: | 2.3125 | Recent Ex-Date: | 2/22/2024 | Current Yield: | 8.79% | Original Coupon: | 9.25% Fixed until 5/28/2027, then the dividend rate will be a floating rate equal to three-month LIBOR plus a spread of 6.881% per annum | Pay Period: | Quarterly | Pay Dates: | 28-Feb, 28-May, 28-Aug, 28-Nov | CDx3 Compliance Rating: |
Learn TNP.PRE's Rating
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