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

NEW YORK ( TheStreet) -- The ex-dividend date for Teekay Tankers (NYSE: TNK) is tomorrow, February 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $4.18 as of 10:10 a.m. ET, the dividend yield is 17.5%.

The average volume for Teekay Tankers has been 510,500 shares per day over the past 30 days. Teekay Tankers has a market cap of $224.8 million and is part of the services sector and transportation industry. Shares are up 17.9% 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 68.5, below the average transportation industry P/E ratio of 91 and above the S&P 500 P/E ratio of 17.7.

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.

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