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TNK Teekay Tankers dividend history, payout ratio & dates

Teekay Tankers's last cash dividend of $2 per share was issued to shareholders on record before May 20, 2024. At an annualized rate of $2.75 per share, the stock yields 3.95%.

Key dates

  • TNK last dividend date: May 20, 2024
  • TNK next dividend date: Not announced
TNK dividend stats
DPS
$2.75
Dividend yield
3.95%
Payout ratio
19.2%
vs. Energy sector
Dividend yield
3.98%
Payout ratio
49.9%

Dividend yield

What is Teekay Tankers current dividend yield

TNK has a dividend yield of 3.95% which is lower than the Energy sector and the industry average. But if we consider the Energy sector average of 3.98%, Teekay Tankers's dividend yield is only 0.8% lower.

Dividend history

What is TNK dividend payout history and dates

According to our records TNK has distributed four dividends in the past year.

Recent dividends

Ex-date Payment date Declared on Amount Type
May 20, 2024 May 31, 2024 May 9, 2024 $2 normal
Mar 1, 2024 Mar 15, 2024 Feb 22, 2024 $0.25 normal
Nov 13, 2023 Nov 27, 2023 Nov 2, 2023 $0.25 normal
Aug 11, 2023 Aug 25, 2023 Aug 3, 2023 $0.25 normal
May 19, 2023 Jun 2, 2023 May 11, 2023 $0.25 normal
May 19, 2023 Jun 2, 2023 May 11, 2023 $1 special

Teekay Tankers dividend payout ratio

What is Teekay Tankers dividend payout ratio compared to the sector

Payout ratio

TNK has a payout ratio of 19.2% which is lower than the Energy sector and the industry average. In comparison with the Energy sector average of 49.9%, Teekay Tankers's payout ratio is 62% lower.

Total amount of dividends paid per financial year (from cash flow)

TNK dividend vs peer dividends

How does TNK dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
TNK Teekay Tankers Ltd 3.95% $2.75 19.2%
ASC Ardmore Shipping Corp 3.89% $0.87 33.1%
KNOP KNOT Offshore Partners LP 1.38% $0.1 N/A

Frequently asked questions

Does Teekay Tankers pay a dividend?

Teekay Tankers has issued four dividends in the last twelve months.

When was TNK's last dividend?

Teekay Tankers's last regular dividend was on May 20, 2024 (ex-date) with the amount of $2 per share.

How much dividend does Teekay Tankers pay (per share)?

TNK has paid dividend of $2.75 per share in the last year.

What is Teekay Tankers's dividend yield?

Teekay Tankers's current dividend yield is 3.95%.

What is Teekay Tankers's dividend payout ratio?

The dividend payout ratio of Teekay Tankers is 19.2%.

Does Teekay Tankers pay a good dividend?

Teekay Tankers's dividend yield is in line with the Energy sector average.