Teekay Tankers Ltd. (TNK) To Go Ex-Dividend on November 10th

Teekay Tankers Ltd. (NYSE:TNK) declared a quarterly dividend on Wednesday, October 29th. Shareholders of record on Monday, November 10th will be paid a dividend of 0.25 per share by the shipping company on Friday, November 21st. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 10th.

Teekay Tankers has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Teekay Tankers to earn $9.95 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 10.1%.

Teekay Tankers Trading Down 0.4%

TNK stock opened at $60.88 on Friday. Teekay Tankers has a 12 month low of $33.35 and a 12 month high of $61.88. The firm has a 50-day moving average price of $53.94 and a 200-day moving average price of $47.85. The stock has a market capitalization of $2.09 billion, a P/E ratio of 6.76 and a beta of -0.11.

Teekay Tankers (NYSE:TNK) last issued its quarterly earnings results on Wednesday, October 29th. The shipping company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.04. Teekay Tankers had a return on equity of 10.81% and a net margin of 32.87%.The company had revenue of $115.21 million during the quarter, compared to the consensus estimate of $133.65 million. During the same period last year, the business posted $0.23 earnings per share. Teekay Tankers’s revenue was down 16.5% on a year-over-year basis. As a group, equities analysts predict that Teekay Tankers will post 7.13 EPS for the current fiscal year.

About Teekay Tankers

Teekay Tankers Ltd. provides crude oil and other marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products; and tanker commercial and technical management services.