TNK Ex-Dividend Reminder - 11/9/16

Looking at the universe of stocks we cover at Dividend Channel, on 11/9/16, Teekay Tankers Ltd ( TNK) will trade ex-dividend, for its quarterly dividend of $0.03, payable on 11/18/16. As a percentage of TNK's recent stock price of $2.20, this dividend works out to approximately 1.36%, so look for shares of Teekay Tankers Ltd to trade 1.36% lower — all else being equal — when TNK shares open for trading on 11/9/16.

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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:

TNK+Dividend+History+Chart

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 5.45% 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 $1.90 per share, with $7.81 as the 52 week high point — that compares with a last trade of $2.20.

In Monday trading, Teekay Tankers Ltd shares are currently up about 2.3% on the day.

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