Teekay Tankers (Teekay Tankers) Dividend Payout Ratio : 0.09 (As of Dec. 2023)

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What is Teekay Tankers Dividend Payout Ratio?

Teekay Tankers's dividend payout ratio for the months ended in Dec. 2023 was 0.09.

The historical rank and industry rank for Teekay Tankers's Dividend Payout Ratio or its related term are showing as below:

TNK' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.64
Current: 0.05

During the past 13 years, the highest Dividend Payout Ratio of Teekay Tankers was 0.64. The lowest was 0.05. And the median was 0.15.

TNK's Dividend Payout Ratio is ranked better than
97.12% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TNK: 0.05

As of today (2024-04-24), the Dividend Yield % of Teekay Tankers is 1.77%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Teekay Tankers was 14.93%. The lowest was 0.57%. And the median was 3.53%.

Teekay Tankers's Dividends per Share for the months ended in Dec. 2023 was $0.25.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Teekay Tankers was 35.70% per year. The lowest was -54.60% per year. And the median was -37.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Teekay Tankers Dividend Payout Ratio Historical Data

The historical data trend for Teekay Tankers's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Teekay Tankers Dividend Payout Ratio Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.05

Teekay Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	-	0.06	0.11	0.09

Competitive Comparison of Teekay Tankers's Dividend Payout Ratio

For the Oil & Gas Midstream subindustry, Teekay Tankers's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Teekay Tankers's Dividend Payout Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Teekay Tankers's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Teekay Tankers's Dividend Payout Ratio falls into.

Teekay Tankers Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Teekay Tankers's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.75	/	14.552
	=	0.05

Teekay Tankers's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.25	/	2.898
	=	0.09

Teekay Tankers (NYSE:TNK) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Teekay Tankers Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Teekay Tankers's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Dividend Payout Ratio

Comparable Companies

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Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.