Teekay Tankers Ltd.
TNKTeekay Tankers Ltd. (TNK) is a global shipping company specializing in the transportation of crude oil and petroleum products. Established in 2007, it operates a fleet of tankers and provides services to oil companies, traders, and refiners worldwide. The company focuses on providing reliable maritime transportation solutions within the complex and dynamic energy transportation industry.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| November 21, 2025 | $0.25 | 2025-11-10 | 2025-11-10 |
| August 22, 2025 | $0.25 | 2025-08-11 | 2025-08-11 |
| May 30, 2025 | $1.00 | 2025-05-19 | 2025-05-19 |
| May 30, 2025 | $0.25 | 2025-05-19 | 2025-05-19 |
| March 14, 2025 | $0.25 | 2025-03-03 | 2025-03-03 |
Dividends Summary
- Consistent Payer: Teekay Tankers Ltd. has rewarded shareholders with 55 dividend payments over the past 17 years.
- Total Returned Value: Investors who held TNK shares during this period received a total of $14.72 per share in dividend income.
- Latest Payout: The most recent dividend of $0.25/share was paid 63 days ago, on November 21, 2025.
- Yield & Schedule: TNK currently pays dividends quarterly with an annual yield of 2.89%.
- Dividend Growth: Since 2008, the dividend payout has grown by 117.4%, from $0.12 to $0.25.
Company News
Teekay Tankers reported its Q2 2025 financial results and declared a fixed cash dividend of $0.25 per share, payable on August 22, 2025 to shareholders of record as of August 11, 2025.
Teekay Tankers Ltd. reported its Q4 and full-year 2024 results, and its board declared a $0.25 per share dividend payable on March 14, 2025.
Teekay Corporation and Teekay Tankers announced changes to their respective Boards of Directors, including the resignation of some directors and the appointment of new ones. The changes aim to streamline and simplify the Teekay Group, with Teekay Tankers serving as the sole operating platform.
The shipping industry is benefiting from strong liquefied petroleum gas (LPG) demand, increased freight costs, and the reopening of the China economy. Shipping stocks like Kirby Corporation, ZIM Integrated Shipping Services, and Teekay Tankers have outperformed the industry and the broader market.
Based on the average brokerage recommendation (ABR), Teekay Tankers (TNK) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
