Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of a general interest.
Saratoga Investment Corp. Announces Fiscal Third Quarter 2024 Financial Results
TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares
Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Amphitrite
Abacus Life Repurchases $1.9 Million of Stock in First 30 Days of Program
Kilroy Realty, L.P. Prices $400 Million of 6.250% Senior Notes Due 2036
MetLife Declares First Quarter 2024 Common Stock Dividend
Arch Capital Group Ltd. to Report 2023 Fourth Quarter Results on February 14
CoreLogic: US Home Price Growth Speeds Up Again in November
Best’s Special Report: U.S. Individual Life Payout Ratios Down Despite COVID-19 Mortality Concerns
Air Lease Corporation Activity Update for the Fourth Quarter of 2023
Tsakos Energy Navigation aka TEN aka TNP is having a good year. Profits in shipping swing wildly from year to year so don’t get excited about the little PE of 3 or the big Buy recs. There is always a string of ‘worry beads” — China, India, The Saudis, oil production, oil prices, wars, longer shipping routes, corporate debt, spot v. charter, new builds, scrappage etc.
TEN has a history of paying common dividends, although the payment schedule can be erratic: semi-annual, quarterly, special. TEN has two preferreds both with coupons north of 9%, both trading above par. Call dates are off in the future.
3Q23 and & 9 mo 2023 Earnings Presentation – 11/23
https://www.tenn.gr/wp-content/uploads/2023/11/TNP_Q3_2023.pdf
Recent brief Interview with TEN’s CEO:
“Ten Ltd. (TNP) CEO On Shipping & Tanker Industries”
https://schwabnetwork.com/video/ten-ltd-tnp-ceo-on-shipping-tanker-industries
“Ten Ltd. (TNP) is a shipping and tanker company whose fleet includes 68 double-hull vessels. Founder and CEO Nikolas P. Tsakos … give(s) an overview of the company. Ten Ltd. is celebrating 30 years as a public company in 2023. He talks about the role of geopolitics in the shipping and tanker industries. He then goes over how a drought in the Panama Canal is affecting shipping traffic and prices….”
JMO. DYODD.