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On 5/18/11, Teekay Tankers Ltd (NYSE:TNK) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 5/27/11. As a percentage of TNK's recent stock price of $9.57, this dividend works out to approximately 2.61%, so look for shares of Teekay Tankers Ltd to trade 2.61% lower — all else being equal — when TNK shares open for trading on 5/18/11.
Below is a dividend history chart for TNK, showing historical dividends prior to the most recent $0.25 declared by Teekay Tankers Ltd:
TNK Dividend History
Date
Div*
03/04/11
0.220
11/12/10
0.310
08/18/10
0.340
05/19/10
0.370
03/04/10
0.260
11/18/09
0.150
08/20/09
0.400
05/20/09
0.590
03/04/09
0.720
12/01/08
1.070
08/13/08
0.900
05/21/08
0.700
02/13/08
0.115
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TNK is likely to continue, and whether the current estimated yield of 10.45% on annualized basis is a reasonable expectation of annual yield going forward.
According to the ETF Finder at ETF Channel, TNK makes up 3.95% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading lower by about 0.4% on the day Monday.
TNK operates in the Oil & Gas Equipment & Services sector, among companies like Targa Resources Inc (NYSE:TRGP) which is down about 2.2% today, and ION Geophysical Corp (NYSE:IO) trading lower by about 0.6%. Below is a three month price history chart comparing the stock performance of TNK, versus TRGP and IO.
In Monday trading, Teekay Tankers Ltd shares are currently off about 1.1% on the day.
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In no way should any content contained herein be interpreted to represent trading or investment advice.
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