Company Overview - TEN Ltd. is a leading diversified crude, product, and LNG tanker operator, founded in 1993 and celebrating 32 years as a public company [5] - The company operates a fleet of 74 vessels, including various types of tankers, totaling 8.9 million deadweight tons (dwt) [5] Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares [1] - This dividend is for the period from November 28, 2024, to February 27, 2025, and will be paid on February 28, 2025, to holders of record as of February 25, 2025 [2][3] - This marks the 32nd dividend payment on the Series E Preferred Shares since their trading commenced on the New York Stock Exchange [3] Share Information - As of the date of the press release, there are 4,745,947 Series E Preferred Shares outstanding [4]
TEN Ltd. Declares Dividend on its Series E Cumulative Perpetual Preferred Shares