Teekay Tankers Dividend
Dividend criteria checks 5/6
Teekay Tankers is a dividend paying company with a current yield of 4.91% that is well covered by earnings.
Key information
4.9%
Dividend yield
8%
Payout ratio
Industry average yield | 3.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | US$3.000 |
Earnings per share | US$12.95 |
Dividend yield forecast | 4.1% |
Recent dividend updates
Recent updates
Teekay 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 05Teekay Tankers: Crude Tanker Spot Rates Are Improving
Apr 20Is Teekay Tankers (NYSE:TNK) A Risky Investment?
Apr 08Teekay Tankers: Recurring Losses Is Not An Encouraging Sign
Nov 25Stability 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) | 4.9% |
Market Bottom 25% (US) | 1.4% |
Market Top 25% (US) | 4.3% |
Industry Average (Oil and Gas) | 3.9% |
Analyst forecast (TNK) (up to 3 years) | 4.1% |
Notable Dividend: TNK's dividend (4.91%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: TNK's dividend (4.91%) is in the top 25% of dividend payers in the US market (4.32%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (7.7%), TNK's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (20.1%), TNK's dividend payments are well covered by cash flows.