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

Teekay Tankers Ltd. (NYSE:TNK) declared a quarterly dividend on Wednesday, May 13th. Shareholders of record on Tuesday, May 26th will be given a dividend of 0.25 per share by the shipping company on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, May 26th.

Teekay Tankers has a payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Teekay Tankers to earn $4.65 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 21.5%.

Teekay Tankers Trading Down 2.9%

TNK opened at $77.74 on Thursday. The stock has a fifty day simple moving average of $74.12 and a two-hundred day simple moving average of $65.64. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 7.70 and a beta of -0.21. Teekay Tankers has a 12-month low of $41.05 and a 12-month high of $83.99.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Tuesday, March 31st. The shipping company reported $3.69 earnings per share (EPS) for the quarter. The business had revenue of $286.09 million during the quarter. Teekay Tankers had a return on equity of 12.60% and a net margin of 36.90%. On average, analysts predict that Teekay Tankers will post 7.3 EPS for the current year.

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.