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TEN-News
TEN-Events
TEN, Ltd. Announces First Dividend of $1.00 per Share in January 2027
TEN, Ltd. announced that in January 2027 it will distribute its first semi-annual dividend of $1.00 per share to common shareholders with payment and record dates to be announced in due course. This represents a 100% increase compared to the 2026 first semi-annual payment. In addition, TEN announced its authorization to repurchase up to $150M of common and preferred shares. The timing of any share purchases, the prices and the exact number of shares to be purchased will be dependent on market conditions.
TEN, Ltd. Sells 2003-built Andes Tanker
TEN, Ltd. reported the sale of the oldest vessel in its fleet, the 2003 Japanese-built Panamax tanker Andes, to independent third parties. The sale generated approximately $13.0M of free cash and registered a $4.6M capital gain, to be recorded in Q3 of 2026.
TEN Ltd. Sells Two Suezmax Tankers, Releases Over $100M Cash
TEN Ltd. announced the sale of two 2006-built Suezmax tankers. This transaction will release in excess of $100M to the company's cash reserves.
TEN, Ltd. Delivers Third DP2 Tanker, Expected Revenue of $3.5B
TEN, Ltd. announced the delivery and naming of DP2 suezmax shuttle tanker "Anfield DP" from Samsung Heavy Industries in South Korea, the third in a series of 12 DP2 shuttle tankers under construction at Samsung. The vessel will commence a 10-year employment to a U.S. oil major, with options to extend until the vessel's 20 year anniversary. Minimum gross revenues from the backlog of long-term charters are currently approximately $3.5B.
TEN, Ltd. Files Automatic Mixed Securities Shelf
TEN, Ltd. files automatic mixed securities shelf
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