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Teekay Tankers Ltd Named Top 10 Energy Dividend Stock

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Teekay Tankers Ltd (NYSE:TNK) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among energy companies, TNK shares displayed an attractive valuation at the recent share price of $4.75, which represents a price-to-book ratio of 0.6 and an annual dividend yield of 17.68% — by comparison, the average company in Dividend Channel's coverage universe yields 4.6% and trades at a price-to-book ratio of 1.8. The report also cited the strong quarterly dividend history at Teekay Tankers Ltd, and favorable long-term multi-year growth rates in key fundamental data points. Dividend Channel stated, ''Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. Our proprietary DividendRank formula ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

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The Top 10 DividendRank'ed Energy Stocks »

The market capitalization of Teekay Tankers Ltd's common stock is 292.38M, and its most recent dividend ex-date is 08/17/2011. Below is a long-term dividend history chart for TNK, which Dividend Channel stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

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