Reminder - Teekay Tankers (TNK) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 10/11/13, Teekay Tankers Ltd ( TNK) will trade ex-dividend, for its quarterly dividend of $0.03, payable on 10/25/13. As a percentage of TNK's recent stock price of $2.61, this dividend works out to approximately 1.15%, so look for shares of Teekay Tankers Ltd to trade 1.15% lower — all else being equal — when TNK shares open for trading on 10/11/13.

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Below is a dividend history chart for TNK, showing historical dividends prior to the most recent $0.03 declared by Teekay Tankers Ltd:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from TNK is likely to continue, and whether the current estimated yield of 4.60% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of TNK shares, versus its 200 day moving average:

Teekay Tankers Ltd 200 Day Moving Average Chart

Looking at the chart above, TNK's low point in its 52 week range is $2.38 per share, with $3.87 as the 52 week high point — that compares with a last trade of $2.61.

According to the ETF Finder at ETF Channel, TNK makes up 3.95% of the Guggenheim Shipping ETF ( SEA) which is trading lower by about 0.4% on the day Wednesday.

In Wednesday trading, Teekay Tankers Ltd shares are currently up about 1.2% on the day.