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 4.37%.
TNK has a dividend yield of 4.37% which is higher than the Energy sector average but lower than the industry average. If we compare it with the Energy sector average of 3.77%, Teekay Tankers's dividend yield is 16% higher.
According to our records TNK has distributed four dividends in the past year.
| 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 |
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 49.7%, Teekay Tankers's payout ratio is 61% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TNK Teekay Tankers Ltd | 4.39% | $2.75 | 19.2% |
| ASC Ardmore Shipping Corp | 4.24% | $0.87 | 33.1% |
| KNOP KNOT Offshore Partners LP | 1.43% | $0.1 | N/A |
Teekay Tankers has issued four dividends in the last twelve months.
Teekay Tankers's last regular dividend was on May 20, 2024 (ex-date) with the amount of $2 per share.
TNK has paid dividend of $2.75 per share in the last year.
Teekay Tankers's current dividend yield is 4.37%.
The dividend payout ratio of Teekay Tankers is 19.2%.
Teekay Tankers's dividend yield is more than the Energy sector average.