Teekay Tankers Ltd. (NYSE:TNK – Get Free Report) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.25 per share by the shipping company on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 10th.
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 $7.35 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 13.6%.
Teekay Tankers Price Performance
NYSE TNK opened at $77.21 on Friday. The firm has a market cap of $2.67 billion, a P/E ratio of 4.55 and a beta of -0.22. The stock’s 50-day moving average is $72.63 and its 200-day moving average is $71.87. Teekay Tankers has a one year low of $41.77 and a one year high of $83.99.
Teekay Tankers Company Profile
Teekay Tankers Ltd is an oil tanker shipping company that owns and operates a fleet of modern crude oil and petroleum product tankers. Listed on the New York Stock Exchange under the ticker symbol TNK, the company provides seaborne transportation services for crude oil, refined petroleum products and petrochemicals. Its operations range across major global trade lanes, offering a mix of spot market voyages and time-charter contracts to a diverse customer base in the oil and energy sector.
The company’s fleet includes a mix of Medium Range (MR), Long Range (LR1 and LR2), Suezmax and Aframax tankers designed to meet various cargo specifications and port restrictions.
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