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

NEW YORK ( TheStreet) -- The ex-dividend date for Teekay Tankers (NYSE: TNK) is tomorrow, November 17, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $4.89 as of 9:47 a.m. ET, the dividend yield is 17.2%.

The average volume for Teekay Tankers has been 528,600 shares per day over the past 30 days. Teekay Tankers has a market cap of $239.1 million and is part of the services sector and transportation industry. Shares are down 60.9% year to date as of the close of trading on Tuesday.

Teekay Tankers Ltd., together with its subsidiaries, engages in the ownership and operation of oil tankers. As of August 16, 2011, it owned a fleet of nine double-hull Aframax tankers and six double-hull Suezmax tankers. The company has a P/E ratio of 80.3, above the average transportation industry P/E ratio of 15.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Teekay Tankers as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Teekay Tankers Ratings Report.

See our dividend calendar or top-yielding stocks list.

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