Tsakos Energy Navigation will distribute an increased semi-annual dividend of $1 per share to common shareholders next January.

Payment and record dates will be announced in due course.

The firm said this represents a 100 per cent increase compared to the first 2026 semi-annual payment.

In addition, Ten has announced authorisation to repurchase up to $150 million 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.

Founded in Bermuda in 1993, Ten was one of the first public shipping companies in the world. Its diversified pro forma energy fleet currently consists of 80 vessels, totalling approximately 10.4 million deadweight tonnage.