EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Reprint Email

TheStreet Wire

Teekay Tankers Stock To Go Ex-dividend Tomorrow (TNK)

By TheStreet Wire 05/17/11 - 09:57 AM EDT

Find out if (TNK) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Teekay Tankers (NYSE:TNK) is tomorrow, May 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $9.38 as of 9:32 a.m. ET, the dividend yield is 11.6%.

The average volume for Teekay Tankers has been 639,000 shares per day over the past 30 days. Teekay Tankers has a market cap of $382.2 million and is part of the services sector and transportation industry. Shares are down 24.6% year to date as of the close of trading on Monday.

Teekay Tankers Ltd., through its subsidiaries, engages in the ownership and operation of oil tankers. As of March 1, 2010, the company's fleet consisted of nine Aframax-class oil tankers and three Suezmax-class oil tankers. The company has a P/E ratio of 35.9, above the average transportation industry P/E ratio of 26.2 and above the S&P 500 P/E ratio of 17.7.

Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Teekay Tankers as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Teekay Tankers Ratings Report.

See our dividend calendar or top-yielding stocks list.

For more information on Teekay Tankers Ltd. click any of the following:

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:

$2.5+ million portfolio
Large-cap and dividend focus
Intraday trade alerts from Cramer
Weekly roundups

Dividend Stock Advisor

TRY IT FREE

New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:

Diversified model portfolio of dividend stocks
Alerts when market news affect the portfolio
Bi-weekly updates with exact steps to take - BUY, HOLD, SELL

Stocks Under $10

TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:

Model portfolio
Stocks trading below $10
Intraday trade alerts
Weekly roundups

Real Money

TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:

Jim Cramer + 20 Wall Street pros
Intraday commentary & news
Real-time trading forum
Actionable trade ideas

Real Money Pro

TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:

Real Money + Doug Kass + 15 more Wall Street Pros
Intraday commentary & news
Ultra-actionable trading ideas

Options Profits

TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.