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

NEW YORK ( TheStreet) -- The ex-dividend date for Teekay Tankers (NYSE: TNK) is tomorrow, May 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $4.29 as of 9:30 a.m. ET, the dividend yield is 14.2%.

The average volume for Teekay Tankers has been 1.6 million shares per day over the past 30 days. Teekay Tankers has a market cap of $219.7 million and is part of the services sector and transportation industry. Shares are up 22.7% 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 Aril 16, 2012, it owned a fleet of nine double-hull Aframax tankers and six double-hull Suezmax tankers, as well as chartered in an additional two Aframax tankers.

TheStreet Ratings rates Teekay Tankers as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Teekay Tankers Ratings Report.

See our dividend calendar or top-yielding stocks list.
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