Teekay Tankers (TNK) Dividends

Price: $38.81
Market Cap: $1.33B
Avg Volume: 465.51K
Country: CA
Industry: Oil & Gas Midstream
Sector: Energy
Beta: -0.45
52W Range: $35.23-74.2
Website: Teekay Tankers

Dividend Overview

Teekay Tankers (TNK) pays a dividend to its shareholders. Here are the key details:

Dividend Basics
  • Annual Dividend per Share: $3
  • Ex-Dividend Date: March 03, 2025
  • Total Dividends Paid (Last Year): $102.82M
Dividend Metrics
  • Dividend Yield: 7.49%
  • Payout Ratio: 25.47%
  • Dividend Growth (YoY): -72.75%
Dividend Yield

7.49%

Dividend Payout Ratio

25.47%

Dividend Paid & Capex Coverage Ratio

2.65x

Teekay Tankers pays an annual dividend of $3 per share. This means that for each share you own, you'll receive $3 in dividends over the course of a year, typically paid in quarterly installments.

The most recent ex-dividend date was March 03, 2025. Ex-dividend dates are typically announced in advance of each dividend payment. If you purchase the stock before the ex-dividend date, you'll be eligible for the upcoming dividend payment.

In the last fiscal year, Teekay Tankers paid a total of $102.82M in dividends to its shareholders. This substantial amount underscores the company's commitment to returning value to its investors.

Currently, Teekay Tankers's dividend yield stands at 7.49%. To put this in perspective, if you invest $100 in Teekay Tankers's stock at the current price, you can expect to receive approximately $7.49 in annual dividend income.

The company's dividend payout ratio is 25.47%. This means that Teekay Tankers is distributing 25.47% of its earnings to shareholders as dividends, while retaining the rest for reinvestment, debt reduction, or other corporate purposes.

Compared to the previous year, Teekay Tankers's dividend has decreased by -72.75%. This decrease may differ from the growth in dividends per share if the number of outstanding shares has changed.

Historical Dividend Yield12.19%12.19%9.75%9.75%7.31%7.31%4.87%4.87%2.44%2.44%0.00%0.00%20162016201720172018201820192019202020202021202120222022202320232024202420252025
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Historical Dividend Payout Ratio121.62%121.62%69.20%69.20%16.78%16.78%-35.64%-35.64%20162016201720172018201820192019202020202021202120222022202320232024202420252025
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Dividend History and Growth

Teekay Tankers (TNK) dividend payments have grown -72.75% over the past year

Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.

Dividends Paid Growth100.00%100.00%0.00%0.00%-100.00%-100.00%-200.00%-200.00%-300.00%-300.00%20162016201720172018201820192019202020202021202120222022202320232024202420252025
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Teekay Tankers Dividend History

Historical Dividend$3.0000$3.0000$2.0000$2.0000$1.0000$1.0000$0.0000$0.00002009200920102010201120112012201220132013201420142015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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Historical Adjusted Dividend$10.0000$10.0000$8.0000$8.0000$6.0000$6.0000$4.0000$4.0000$2.0000$2.0000$0.0000$0.00002009200920102010201120112012201220132013201420142015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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Dividend Adjusted Dividend Date Record Date Payment Date Declaration Date
$0.25 $0.25 March 03, 2025 March 03, 2025 March 14, 2025 February 19, 2025
$0.25 $0.25 November 12, 2024 November 12, 2024 November 22, 2024 October 30, 2024
$0.25 $0.25 August 12, 2024 August 12, 2024 August 23, 2024 August 01, 2024
$2.25 $2.25 May 20, 2024 May 21, 2024 May 31, 2024 May 09, 2024
$0.25 $0.25 March 01, 2024 March 04, 2024 March 15, 2024 February 22, 2024
$0.25 $0.25 November 13, 2023 November 14, 2023 November 27, 2023 November 02, 2023
$0.25 $0.25 August 11, 2023 August 14, 2023 August 25, 2023 August 03, 2023
$1.25 $1.25 May 19, 2023 May 22, 2023 June 02, 2023 May 11, 2023
$0.03 $0.24 March 02, 2018 March 05, 2018 March 09, 2018 February 21, 2018
$0.03 $0.24 November 17, 2017 November 20, 2017 November 24, 2017 November 08, 2017
$0.03 $0.24 August 10, 2017 August 14, 2017 August 18, 2017 August 09, 2017
$0.03 $0.24 May 24, 2017 May 29, 2017 June 02, 2017 May 18, 2017
$0.03 $0.24 March 02, 2017 March 06, 2017 March 10, 2017 February 24, 2017
$0.03 $0.24 November 09, 2016 November 14, 2016 November 18, 2016 November 03, 2016
$0.06 $0.48 August 11, 2016 August 15, 2016 August 19, 2016 August 05, 2016
$0.09 $0.72 May 25, 2016 May 30, 2016 June 03, 2016 May 19, 2016
$0.12 $0.96 January 29, 2016 February 02, 2016 February 12, 2016 December 14, 2015
$0.03 $0.24 October 14, 2015 October 16, 2015 October 30, 2015 October 05, 2015
$0.03 $0.24 July 15, 2015 July 17, 2015 July 31, 2015 July 07, 2015
$0.03 $0.24 April 15, 2015 April 17, 2015 April 30, 2015 April 06, 2015
$0.03 $0.24 January 15, 2015 January 20, 2015 January 30, 2015 January 02, 2015
$0.03 $0.24 October 15, 2014 October 17, 2014 October 31, 2014 October 06, 2014
$0.03 $0.24 July 16, 2014 July 18, 2014 July 31, 2014 July 03, 2014
$0.03 $0.24 April 15, 2014 April 17, 2014 April 30, 2014 April 07, 2014
$0.03 $0.24 January 15, 2014 January 17, 2014 January 31, 2014 January 06, 2014
$0.03 $0.24 October 11, 2013 October 16, 2013 October 25, 2013 October 04, 2013
$0.03 $0.24 July 17, 2013 July 19, 2013 July 31, 2013 July 09, 2013
$0.03 $0.24 May 16, 2013 May 20, 2013 May 28, 2013 May 08, 2013
$0.03 $0.24 February 28, 2013 March 04, 2013 March 11, 2013 February 20, 2013
$0.02 $0.16 November 15, 2012 November 19, 2012 November 26, 2012 November 07, 2012
$0.11 $0.88 August 16, 2012 August 20, 2012 August 27, 2012 August 08, 2012
$0.16 $1.28 May 24, 2012 May 29, 2012 June 05, 2012 May 16, 2012
$0.11 $0.88 February 16, 2012 February 21, 2012 February 28, 2012 February 10, 2012
$0.15 $1.2 November 17, 2011 November 21, 2011 November 28, 2011 November 11, 2011
$0.21 $1.68 August 17, 2011 August 19, 2011 August 26, 2011 August 12, 2011
$0.25 $2 May 18, 2011 May 20, 2011 May 27, 2011 May 12, 2011
$0.22 $1.76 March 04, 2011 March 08, 2011 March 15, 2011 March 02, 2011
$0.31 $2.48 November 12, 2010 November 16, 2010 November 30, 2010 November 05, 2010
$0.34 $2.72 August 18, 2010 August 20, 2010 August 27, 2010 August 12, 2010
$0.37 $2.96 May 19, 2010 May 21, 2010 May 28, 2010 May 17, 2010
$0.26 $2.08 March 04, 2010 March 08, 2010 March 15, 2010 February 25, 2010
$0.15 $1.2 November 18, 2009 November 20, 2009 November 27, 2009 November 13, 2009
$0.4 $3.2 August 20, 2009 August 24, 2009 August 31, 2009 August 18, 2009
$0.59 $4.72 May 20, 2009 May 22, 2009 May 29, 2009 May 15, 2009
$0.72 $5.76 March 04, 2009 March 06, 2009 March 13, 2009 February 24, 2009
$1.07 $8.56 December 01, 2008 December 03, 2008 December 10, 2008 November 24, 2008
$0.9 $7.2 August 13, 2008 August 15, 2008 August 22, 2008 August 05, 2008
$0.7 $5.6 May 21, 2008 May 23, 2008 May 30, 2008 May 13, 2008
$0.115 $0.92 February 13, 2008 February 15, 2008 February 29, 2008 February 06, 2008

Frequently Asked Questions

Teekay Tankers currently pays an annual dividend of $3 per share. This means that for each share you own, you'll receive $3 in dividends over the course of a year, typically paid in quarterly installments of $ per share.

Teekay Tankers's current dividend yield is 7.49%. This means that if you invest $100 in Teekay Tankers's stock at the current price, you can expect to receive approximately $7.49 in annual dividend income. The dividend yield is calculated by dividing the annual dividend by the current stock price.

The most recent ex-dividend date for Teekay Tankers was March 03, 2025. Ex-dividend dates are typically announced in advance of each dividend payment. If you purchase the stock before the ex-dividend date, you'll be eligible for the upcoming dividend payment. It's advisable to check Teekay Tankers's investor relations page or financial news sources for the next ex-dividend date announcement.

Teekay Tankers's dividend payout ratio is currently 25.47%. This means that the company is distributing 25.47% of its earnings to shareholders as dividends, while retaining the rest for reinvestment, debt reduction, or other corporate purposes. A lower payout ratio suggests that the company has more room to increase dividends in the future or to withstand temporary declines in earnings without cutting the dividend.

In the last fiscal year, Teekay Tankers paid a total of $102.82M in dividends to its shareholders. To put this in perspective, the company's annual revenue was $-, and its net income was $-. This means that Teekay Tankers distributed - of its revenue and - of its net income as dividends, demonstrating a balance between returning value to shareholders and reinvesting in the business.

Compared to the previous year, Teekay Tankers's dividend has decreased by -72.75%. This decrease rate provides insight into the company's dividend policy and financial health over the past year. A decrease in dividends can occur for various reasons, including changes in the company's financial situation or strategic priorities.