TEN, Ltd. Announces Common Shares Dividend and Share Repurchase Authorization
TEN, Ltd. (NYSE: TEN) announced its first semi-annual common dividend of $1.00 per share, to be distributed in January 2027 with record and payment dates to follow. The payout represents a 100% increase over the comparable 2026 semi-annual payment, decided following the company's Strategy Meeting. The board also authorized the repurchase of up to $150 million of common and preferred shares, with timing and pricing dependent on market conditions.
Key figures
- Fleet dwt
- approx. 10.4 million dwt
- Fleet vessels
- 80
- Dividend increase
- 100%
- Dividend per share
- $1.00
- Buyback authorization
- $150 million
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