Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.
Teekay Tankers Dividend Announcement
• Teekay Tankers announced a quarterly dividend of $0.25 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-12
• Teekay Tankers annual dividend for 2024 was $3.00
• Teekay Tankers annual dividend for 2023 was $1.75
• Teekay Tankers's trailing twelve-month (TTM) dividend yield is 7.88%
• Teekay Tankers's payout ratio for the trailing twelve months (TTM) is 24.33%
Teekay Tankers Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-12 | $0.25 | quarterly | 2024-11-22 |
2024-08-12 | $0.25 | quarterly | 2024-08-23 |
2024-05-20 | $2.25 | quarterly | 2024-05-31 |
2024-03-01 | $0.25 | quarterly | 2024-03-15 |
2023-11-13 | $0.25 | quarterly | 2023-11-27 |
2023-08-11 | $0.25 | quarterly | 2023-08-25 |
2023-05-19 | $1.25 | quarterly | 2023-06-02 |
2018-03-02 | $0.03 | quarterly | 2018-03-09 |
2017-11-17 | $0.03 | quarterly | 2017-11-24 |
2017-08-10 | $0.03 | quarterly | 2017-08-18 |
2017-05-24 | $0.03 | quarterly | 2017-06-02 |
2017-03-02 | $0.03 | quarterly | 2017-03-10 |
2016-11-09 | $0.03 | quarterly | 2016-11-18 |
2016-08-11 | $0.06 | quarterly | 2016-08-19 |
2016-05-25 | $0.09 | quarterly | 2016-06-03 |
2016-01-29 | $0.12 | quarterly | 2016-02-12 |
2015-10-14 | $0.03 | quarterly | 2015-10-30 |
2015-07-15 | $0.03 | quarterly | 2015-07-31 |
2015-04-15 | $0.03 | quarterly | 2015-04-30 |
2015-01-15 | $0.03 | quarterly | 2015-01-30 |
2014-10-15 | $0.03 | quarterly | 2014-10-31 |
2014-07-16 | $0.03 | quarterly | 2014-07-31 |
2014-04-15 | $0.03 | quarterly | 2014-04-30 |
2014-01-15 | $0.03 | quarterly | 2014-01-31 |
2013-10-11 | $0.03 | quarterly | 2013-10-25 |
2013-07-17 | $0.03 | quarterly | 2013-07-31 |
2013-05-16 | $0.03 | quarterly | 2013-05-28 |
2013-02-28 | $0.03 | quarterly | 2013-03-11 |
2012-11-15 | $0.02 | quarterly | 2012-11-26 |
2012-08-16 | $0.11 | quarterly | 2012-08-27 |
2012-05-24 | $0.16 | quarterly | 2012-06-05 |
2012-02-16 | $0.11 | quarterly | 2012-02-28 |
2011-11-17 | $0.15 | quarterly | 2011-11-28 |
2011-08-17 | $0.21 | quarterly | 2011-08-26 |
2011-05-18 | $0.25 | quarterly | 2011-05-27 |
2011-03-04 | $0.22 | quarterly | 2011-03-15 |
2010-11-12 | $0.31 | quarterly | 2010-11-30 |
2010-08-18 | $0.34 | quarterly | 2010-08-27 |
2010-05-19 | $0.37 | quarterly | 2010-05-28 |
2010-03-04 | $0.26 | quarterly | 2010-03-15 |
2009-11-18 | $0.15 | quarterly | 2009-11-27 |
2009-08-20 | $0.40 | quarterly | 2009-08-31 |
2009-05-20 | $0.59 | quarterly | 2009-05-29 |
2009-03-04 | $0.72 | quarterly | 2009-03-13 |
Teekay Tankers Dividend per year
Teekay Tankers Dividend growth
Teekay Tankers Dividend Yield
Teekay Tankers current trailing twelve-month (TTM) dividend yield is 7.88%. Interested in purchasing Teekay Tankers stock? Use our calculator to estimate your expected dividend yield:
Teekay Tankers Financial Ratios
Teekay Tankers Dividend FAQ
Other factors to consider when evaluating Teekay Tankers as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Teekay Tankers's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Teekay Tankers publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Teekay Tankers distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Teekay Tankers are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Teekay Tankers sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Teekay Tankers distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Teekay Tankers declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Teekay Tankers's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Teekay Tankers's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.