Teekay Tankers Ltd. (NYSE:TNK) Announces Quarterly Dividend of $0.25

Posted by Francis Steltz on Nov 12th, 2026

Teekay Tankers Ltd. (NYSE:TNK – Get Free Report) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Monday, November 23rd will be given a dividend of $0.25 per share by the shipping company on Friday, December 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 23rd.

Teekay Tankers has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Teekay Tankers to earn $7.45 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 13.4%.

Teekay Tankers Trading Up 4.0%

Shares of TNK stock opened at $89.13 on Thursday. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 5.25 and a beta of -0.05. The stock’s 50-day moving average price is $97.09 and its 200-day moving average price is $80.13. Teekay Tankers has a 12-month low of $50.94 and a 12-month high of $110.65.

Teekay Tankers (NYSE:TNK – Get Free Report) last released its quarterly earnings data on Wednesday, November 11th. The shipping company reported $5.04 EPS for the quarter, beating the consensus estimate of $4.86 by $0.18. Teekay Tankers had a net margin of 51.35% and a return on equity of 22.11%. The business had revenue of $369.25 million during the quarter, compared to analyst estimates of $263.55 million. As a group, research analysts predict that Teekay Tankers will post 15.40 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TNK. Evercore reissued an “outperform” rating and issued a $116.00 price objective on shares of Teekay Tankers in a research note on Tuesday, October 27th. Weiss Ratings raised shares of Teekay Tankers from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Wall Street Zen cut Teekay Tankers from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. Finally, Zacks Research lowered Teekay Tankers from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Teekay Tankers currently has an average rating of “Hold” and an average price target of $95.50.

View Our Latest Research Report on TNK

Teekay Tankers Company Profile

(Get Free Report)

Teekay Tankers Ltd. is an international marine transportation company that owns and operates tankers carrying crude oil and refined petroleum products. Its fleet includes crude-oil vessels such as Aframax and Suezmax tankers, as well as product carriers. The company serves customers in the global energy industry, including oil companies and commodity traders. Its vessels transport petroleum by sea on routes around the world, with employment through a mix of spot voyages and longer-term charter arrangements.