TEN Ltd. has declared a second semi-annual dividend of $1.00 per share, marking a 36% increase compared to 2025. The dividend is payable on July 30, 2026, to shareholders of record as of the close of business on July 23, 2026. This distribution, combined with the first semi-annual payment of $0.50 in February 2026, brings the total dividends paid by the company to over $1 billion since its New York listing in 2002.

The announcement followed the company's 2026 Annual General Meeting. TEN Ltd. operates as a diversified tanker and LNG operator. Its pro-forma energy fleet consists of 83 vessels with a total deadweight tonnage of approximately 11 million dwt.

Dividend Details

Founded in 1993, TEN Ltd. is one of the first and most established public shipping companies globally. The company has maintained a policy of uninterrupted common and preferred share dividends since its initial public offering.

TEN Ltd. held its Thirty-Third Annual General Meeting of Shareholders in Athens on May 27, 2026, approving all proposed resolutions with at least 93.8% of the votes cast. The meeting, conducted with the required quorum of common shares represented either in person or by proxy, addressed key governance and financial matters pursuant to a Notice of Annual Meeting dated April 17, 2026.

Resolutions Approved

Shareholders approved the election of a newly appointed director and the re-election of three directors who retire by rotation. The meeting also ratified the reception and approval of the Company's 2025 audited financial statements.

Auditor Appointment

Ernst & Young (Hellas) Certified Auditors Accountants S.A., based in Athens, Greece, was appointed as the auditor of the Company for the fiscal year ending December 31, 2026. The Audit Committee of the Board of Directors was authorized to set the remuneration for the auditors.

Director Remuneration

The approval of the directors' remuneration was also passed during the meeting. The detailed proposals were outlined in the Notice of Annual Meeting of Shareholders and the Company's Proxy Statement sent to shareholders on or around April 22, 2026.