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TEN, Ltd. doubles semi-annual dividend and authorizes $150M share buyback

Company Fundamentals
26 Oct 2026, 16:00 WIB
GlobeNewsWire
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Bullish
TEN, Ltd. doubles semi-annual dividend and authorizes $150M share buyback

TEN, Ltd. announced a 100% increase in its first semi-annual dividend to $1.00 per common share, payable in January 2027. The company also authorized a $150 million repurchase program for common and preferred shares, with timing and amounts dependent on market conditions. This move reflects TEN's confidence in its financial position and commitment to returning value to shareholders. TEN is a well-established shipping company with a diversified fleet of 80 vessels totaling approximately 10.4 million dwt.

TEN, Ltd.'s dividend and share repurchase announcement is contextually framed by the Energy sector's performance on Pluang. For readers following Energy-sector US stocks, 11 out of 79 priced shares rose while 62 fell. Notable prices include KOS at USD 2.79 with a 1-day change of -2.79%, EQNR at USD 47.50 with -2.70%, and APA at USD 50.67 with -2.37%, as of Oct 26, 2026 19:02 WIB.

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