Jul 01, 2020
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $2.01 to $10.05.
The split itself did not change the total investment value.
Tsakos Energy Navigation Ltd (NYSE:TEN) operates in the Marine shipping industry.
Tsakos Energy Navigation Ltd company overviewTsakos Energy Navigation Ltd's most recent stock split was on July 1, 2020. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Tsakos Energy Navigation Ltd (NYSE:TEN) has split its stock 4 times: a 41-for-40 split on July 1, 1996, a 51-for-50 split on June 2, 1997, a 2-for-1 split on November 15, 2007, and a 1-for-5 reverse split on July 1, 2020.
Tsakos Energy Navigation Ltd has split its stock 4 times. This history records 4 splits between July 1, 1996 and July 1, 2020.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Tsakos Energy Navigation Ltd's 1-for-5 reverse split on July 1, 2020, every 5 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Tsakos Energy Navigation Ltd has not announced a new split in our records. Its most recent split was on July 1, 2020, 6 years ago. Companies announce splits in advance, and any new NYSE:TEN split will appear on this page.
Already premium?