Teekay Tankers Dividends and Buybacks
Dividend criteria checks 5/6
Teekay Tankers is a dividend paying company with a current yield of 7.19% that is well covered by earnings. Last payment was on 22nd November, 2024 with an ex-dividend date of 12th November, 2024.
Key information
7.2%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 7.0% |
| Future Dividend Yield | 6.4% |
| Dividend Growth | -2.4% |
| Next dividend pay date | 22 Nov 24 |
| Ex dividend date | 12 Nov 24 |
| Dividend per share | US$3.000 |
| Payout ratio | 2% |
Recent dividend and buyback updates
Recent updates
Lacklustre Performance Is Driving Teekay Tankers Ltd.'s (NYSE:TNK) 25% Price Drop
Nov 06
Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns
Nov 05Returns on Capital Paint A Bright Future For Teekay Tankers (NYSE:TNK)
Oct 22Teekay Tankers: When Cheap Valuation And Solid Balance Sheet Are Not Enough; Rating Downgrade
Sep 14Teekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market Dynamics
Aug 05Teekay Tankers (NYSE:TNK) Has Affirmed Its Dividend Of $0.25
Aug 04Why The 27% Return On Capital At Teekay Tankers (NYSE:TNK) Should Have Your Attention
Jun 18Teekay Tankers: Big Cash Flow, A Strong Balance Sheet, And A Powerful Uptrend
Jun 13Teekay Tankers Ltd.'s (NYSE:TNK) Low P/E No Reason For Excitement
Apr 29Teekay Tankers: Low Tanker Fleet Growth Points To Years Of High Profits
Apr 01Teekay Tankers: Bulletproof Balance Sheet And 11% Loan To Value At A Reasonable Price
Feb 28Investors Shouldn't Overlook Teekay Tankers' (NYSE:TNK) Impressive Returns On Capital
Feb 23Party Time: Brokers Just Made Major Increases To Their Teekay Tankers Ltd. (NYSE:TNK) Earnings Forecasts
Feb 01Teekay Tankers: A Strong Buy In The Mid-Sized Tankers Market
Jan 04Some Shareholders Feeling Restless Over Teekay Tankers Ltd.'s (NYSE:TNK) P/S Ratio
Dec 21Teekay Tankers Q3 2023: Sailing Away On Strong Earnings And Favorable Market Dynamics
Nov 04Teekay Tankers: Still-High Tanker Rates, Debt Repayments, Bullish Price Consolidation
Oct 15Shareholders Would Enjoy A Repeat Of Teekay Tankers' (NYSE:TNK) Recent Growth In Returns
Sep 27Teekay Tankers: A 'Hold' Amidst Rising Tides
Aug 04Teekay Tankers (NYSE:TNK) Could Become A Multi-Bagger
Jun 28Teekay Tankers: Downgrade To Hold On Deteriorating Economic Growth
Jun 25Calculating The Intrinsic Value Of Teekay Tankers Ltd. (NYSE:TNK)
Jun 06Teekay Tankers: A Cautionary Tale Amid Industry Hype
May 30Teekay Tankers (NYSE:TNK) Is Looking To Continue Growing Its Returns On Capital
Feb 24Teekay Tankers Non-GAAP EPS of $4.33 beats by $0.91, revenue of $367.32M beats by $155.78M
Feb 23Teekay Tankers: Looking For A Positive Outlook In 2023
Dec 12Forecast: Analysts Think Teekay Tankers Ltd.'s (NYSE:TNK) Business Prospects Have Improved Drastically
Nov 24Teekay Tankers' (NYSE:TNK) Returns On Capital Are Heading Higher
Nov 05Teekay Tankers Non-GAAP EPS of $1.70 beats by $0.09, revenue of $279.39M beats by $121.9M
Nov 03Teekay Tankers: A Bet On Crude Oil Trade Disruption
Oct 11Teekay Tankers Q2 2022 Earnings Preview
Aug 03Teekay Tankers: Stands To Benefit From Rising Tanker Rates
Jul 26Does Teekay Tankers (NYSE:TNK) Have A Healthy Balance Sheet?
Jul 26Teekay Tankers: A More Positive Outlook For 2022
Jul 05Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TNK's dividend payments have been volatile in the past 10 years.
Growing Dividend: TNK's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Teekay Tankers Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TNK) | 7.2% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Oil and Gas) | 3.7% |
| Analyst forecast (TNK) (up to 3 years) | 6.4% |
Notable Dividend: TNK's dividend (7.19%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: TNK's dividend (7.19%) is in the top 25% of dividend payers in the US market (4.26%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (2%), TNK's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (23.6%), TNK's dividend payments are well covered by cash flows.