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Tsakos Energy Navigation is a holding company. Through its subsidiaries, Co. is a provider of international seaborne crude oil and petroleum product transportation services. Co. is also engaged in transporting liquefied natural gas. According to our TNP split history records, Tsakos Energy Navigation has had 2 splits.
TNP split history picture
Tsakos Energy Navigation (TNP) has 2 splits in our TNP split history database. The first split for TNP took place on November 15, 2007. This was a 2 for 1 split, meaning for each share of TNP owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. TNP's second split took place on July 01, 2020. This was a 1 for 5 reverse split, meaning for each 5 shares of TNP owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 400 share position following the split.

When a company such as Tsakos Energy Navigation splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Tsakos Energy Navigation conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the TNP split history from start to finish, an original position size of 1000 shares would have turned into 400 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Tsakos Energy Navigation shares, starting with a $10,000 purchase of TNP, presented on a split-history-adjusted basis factoring in the complete TNP split history. TNP split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 10/07/2014
End date: 06/28/2024
Start price/share: $30.80
End price/share: $29.28
Starting shares: 324.68
Ending shares: 449.85
Dividends reinvested/share: $6.75
Total return: 31.72%
Average Annual Total Return: 2.87%
Starting investment: $10,000.00
Ending investment: $13,170.07
Years: 9.73
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 10/07/2014
End date: 06/28/2024
Start price/share: $30.80
End price/share: $29.28
Dividends collected/share: $6.75
Total return: 16.98%
Average Annual Total Return: 1.62%
Starting investment: $10,000.00
Ending investment: $11,692.79
Years: 9.73
Date Ratio
11/15/20072 for 1
07/01/20201 for 5
TNP is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: TNP shares outstanding history

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