Teekay Tankers Ltd (TNK) has declared a quarterly dividend of $0.25 per share, reinforcing its commitment to returning capital to shareholders. The dividend will be payable to shareholders of record on November 9, 2025, with payment scheduled for November 20, 2025.
This move underscores Teekay's ongoing strategy to provide regular income to investors. The current dividend yield stands at 1.64%, reflecting the annual dividend income relative to the stock price.
Teekay Tankers operates a fleet of approximately 42 double-hull tankers, including 24 Supermax tankers and 18 Aframax/LR2 tankers. The company engages in the transportation of crude oil and refined petroleum products, employing its vessels through a mix of spot market trading and fixed-rate time charter contracts. In addition to its core operations, Teekay offers ship-to-ship transfer services, performing lightering operations primarily in the United States, Gulf, and Caribbean.
Investors should note that while dividends can signal a company's cash flow health, they are not guaranteed and can be adjusted based on business performance. Teekay's upcoming earnings report is scheduled for February 18, 2026, with an estimated EPS of $2.40 and projected revenue of $201.0 million.