Teekay Tankers Ltd. (TNK) to Distribute Quarterly Dividend of $0.25 on August 21st

Teekay Tankers Ltd. (NYSE:TNK) declared a quarterly dividend on Wednesday, July 29th. Investors 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) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, August 10th.

Teekay Tankers has a dividend payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.3%

Shares of Teekay Tankers stock opened at $77.30 on Friday. Teekay Tankers has a twelve month low of $42.88 and a twelve month high of $83.99. The firm has a market capitalization of $2.67 billion, a PE ratio of 4.56 and a beta of -0.22. The firm’s 50-day moving average price is $73.04 and its 200 day moving average price is $72.52.

Teekay Tankers (NYSE:TNK) last posted its quarterly earnings data on Tuesday, March 31st. The shipping company reported $3.69 EPS for the quarter. Teekay Tankers had a return on equity of 22.11% and a net margin of 51.35%. On average, sell-side analysts predict that Teekay Tankers will post 15.4 EPS for the current fiscal year.

About Teekay Tankers

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.