Tsakos Energy Navigation Declares Dividend

TEN

Tsakos Energy Navigation Limited, a leading crude, product, and LNG tanker operator, today announced that its Board of Directors declared regular quarterly cash dividends of $0.50 per share for its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”; NYSE; TNPPRB) and approximately $0.5547 per share for its 8.875% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”; NYSE; TNPPRC).

Each dividend is for the period from the most recent dividend payment date on July 30, 2015 through October 29, 2015.

The dividend on the Series B Preferred Shares will be paid on October 30, 2015 to all holders of record of Series B Preferred Shares as of October 29, 2015. The dividend on the Series C Preferred Shares will be paid on October 30, 2015 to all holders of record of Series C Preferred Shares as of October 27, 2015. Dividends on the Series B and C Preferred Shares are payable quarterly in arrears on the 30th day of January, April, July and October of each year, when, as and if declared by TEN’s board of directors. This is the 10th dividend on the Series B and the eighth dividend on the Series C.

TEN has 2,000,000 Series B Preferred Shares and 2,000,000 Series C Preferred Shares outstanding as of the date of this press release.

Source: Tsakos Energy Navigation Ltd.

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