Last dividend date: May 19, 2025
Dividend yield: 4.5%
Payout ratio: 20.6%
Teekay Tankers's last cash dividend of $1.25 per share was issued to shareholders on record before May 19, 2025. At an annualized rate of $2 per share, the stock yields 4.5%.
TNK dividend stats
vs. Energy sector
Teekay Tankers Dividend yield
TNK has a dividend yield of 4.5% which is lower than the Energy sector, the industry and its peers average. But if we consider the Energy sector average of 4.69%, Teekay Tankers's dividend yield is only 4.1% lower.
TNK Dividend history
Teekay Tankers has a dividend history dating as far as 2008, but consistently the company has been paying dividends for the last two consecutive years. According to our records TNK has distributed four dividends in the past year. The annualized dividend per share has decreased by 33% for the last twelve months. However with the stock price down by 37% from a year ago, the dividend yield has increased by 7%.
Teekay Tankers Dividend history chart
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| May 19, 2025 | $1.25 | 4.4% |
| Mar 3, 2025 | $0.25 | 7.98% |
| Nov 12, 2024 | $0.25 | 6.8% |
| Aug 12, 2024 | $0.25 | 5.45% |
| May 20, 2024 | $2.25 | 4.25% |
| Mar 1, 2024 | $0.25 | 1.83% |
| Nov 13, 2023 | $0.25 | 1.42% |
| Aug 11, 2023 | $0.25 | 1.15% |
| May 19, 2023 | $0.25 | 0.62% |
| Mar 2, 2018 | $0.24 | 10% |
| Nov 17, 2017 | $0.24 | 8.39% |
| Aug 10, 2017 | $0.24 | 7.69% |
| May 24, 2017 | $0.24 | 7.69% |
| Mar 2, 2017 | $0.24 | 8.94% |
| Nov 9, 2016 | $0.24 | 13.22% |
| Aug 11, 2016 | $0.48 | 10.71% |
| May 25, 2016 | $0.72 | 7.89% |
| Jan 29, 2016 | $0.96 | 4.6% |
| Oct 14, 2015 | $0.24 | 1.56% |
| Jul 15, 2015 | $0.24 | 1.69% |
| Apr 15, 2015 | $0.24 | 1.94% |
| Jan 15, 2015 | $0.24 | 1.99% |
Teekay Tankers dividend payout ratio
Payout ratio
TNK has a payout ratio of 20.6% which is lower than the Energy sector and the industry average. In comparison with the Energy sector average of 60.4%, Teekay Tankers's payout ratio is 66% lower.
Total amount of dividends paid per financial year (from cash flow)
TNK dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ASC Ardmore Shipping Corp | 7.19% | $0.69 | 30% |
| DHT DHT Holdings Inc | 7.12% | $0.81 | 73.6% |
| TNK Teekay Tankers Ltd | 4.5% | $2 | 20.6% |
| KNOP KNOT Offshore Partners LP | 1.62% | $0.1 | N/A |
Frequently asked questions
Does Teekay Tankers pay a dividend?
Yes, Teekay Tankers has been paying dividends for the last two years.
When was TNK's last dividend?
Teekay Tankers's last regular dividend was on May 19, 2025 (ex-date) with the amount of $1.25 per share.
How much dividend does Teekay Tankers pay (per share)?
TNK has paid dividend of $2 per share in the last year.
What is Teekay Tankers's dividend yield?
Teekay Tankers's current dividend yield is 4.5%.
How often does Teekay Tankers pay dividends?
Teekay Tankers has a quarterly dividend frequency.
What is Teekay Tankers's dividend payout ratio?
The dividend payout ratio of Teekay Tankers is 20.6%.
Does Teekay Tankers pay a good dividend?
Teekay Tankers's dividend yield is in line with the Energy sector average.
Special dividends are included in TTM DPS and yield.