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Teekay Tankers (TNK) Dividend Yield, Date & History

Teekay Tankers logo
$37.20 -0.86 (-2.26%)
(As of 11:27 AM ET)

Teekay Tankers Dividend Summary

Dividend Yield
2.69%
Annual Dividend
$1.00
Recent
Dividend Payment
Nov. 22
Dividend Payout Ratio
8.21%

Teekay Tankers (TNK) pays an annual dividend of $1.00 per share, with a dividend yield of 2.69%. The next quarterly payment of $0.25 per share was paid on Friday, November 22, to investors who owned the stock before the ex-dividend date of Tuesday, November 12. The company currently pays out 8.21% of its earnings and 5.83% of its cash flow as dividends.

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TNK Dividend Payments by Quarter

The chart below displays up to four years of Teekay Tankers' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

TNK Dividend Yield Over Time

The chart below tracks Teekay Tankers' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Teekay Tankers vs. The Competition

Compare Teekay Tankers' annual dividend, yield, and 3-year growth rate with averages for Transportation and NYSE companies to evaluate its performance against the market.

TypeTeekay TankersTransportation CompaniesNYSE Companies
Annual Dividend$1.00$0.01$1.52
Dividend Yield2.63%4.47%3.49%
Annualized 3-Year Dividend Growth0.00%26.12%15.58%

Teekay Tankers Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings8.21%
Based on This Year's Estimate8.93%
Based on Next Year's Estimate9.67%
Based on Cashflow5.70%

Teekay Tankers Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/30/2024quarterly$0.25 - 2.1%11/12/202411/12/202411/22/2024
8/1/2024Quarterly$0.25-$2.00
88.89%
1.62%8/12/20248/12/20248/23/2024
5/9/2024None$2.25+$2.00
800.00%
1.5%5/20/20245/21/20245/31/2024
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2/22/2024Quarterly$0.25 - 1.83%3/1/20243/4/20243/15/2024
11/2/2023Quarterly$0.25 - 1.89%11/13/202311/14/202311/27/2023
8/3/2023Quarterly$0.25 - 2.27%8/11/20238/14/20238/25/2023
5/11/2023--$0.25+$0.01
4.17%
5/19/20235/22/20236/2/2023

This table shows Teekay Tankers' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Teekay Tankers Dividend - Frequently Asked Questions

The current dividend yield for Teekay Tankers is 2.63%. Learn more on TNK's dividend yield history.

The annual dividend for TNK shares is $1.00. Learn more on TNK's annual dividend history.

Teekay Tankers pays quarterly dividends to shareholders.

Teekay Tankers's most recent quarterly dividend payment of $0.25 per share was made to shareholders on Friday, November 22, 2024.

Teekay Tankers's most recent ex-dividend date was Tuesday, November 12, 2024.

The most recent change in the company's dividend was a decrease of $2.00 on Thursday, August 1, 2024.

The dividend payout ratio for TNK is:
  • 8.21% based on the trailing year of earnings
  • 8.93% based on this year's estimates
  • 9.67% based on next year's estimates
  • 5.70% based on cash flow

Teekay Tankers' dividend yield of 2.63% is lower than the average Transportation company that issues a dividend. Teekay Tankers' dividend payout ratio of 8.21% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Teekay Tankers stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NYSE:TNK) was last updated on 12/16/2024 by MarketBeat.com Staff
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