Teekay Tankers (NYSE:TNK) Is Paying Out A Dividend Of $0.25 [Yahoo! Finance]
Teekay Tankers Ltd. (TNK)
Last teekay tankers ltd. earnings: 2/27 02:00 am
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US:NYSE Investor Relations:
teekay.com/investors/teekay-tankers-ltd
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Source: Yahoo! Finance
See our latest analysis for Teekay Tankers If the payments aren't sustainable, a high yield for a few years won't matter that much. However, Teekay Tankers' earnings easily cover the dividend. This means that most of its earnings are being retained to grow the business. Over the next year, EPS is forecast to fall by 8.9%. If the dividend continues along the path it has been on recently, we estimate the payout ratio could be 26%, which is comfortable for the company to continue in the future. While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. Since 2014, the dividend has gone from $0.96 total annually to $3.00. This works out to be a compound annual growth rate (CAGR) of approximately 12% a year over that time. It is great to see strong growth in the dividend payments, but cuts are concerning as it may indicate the payout policy is too ambitious. Given that the dividend has been cut in the past, we need to
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TNK
News
- Teekay Group Announces Changes to Boards of Directors [Canadian Business Journal (Canada)]Canadian Business Journal
- Teekay Tankers Ltd. (NYSE: TNK) had its price target lowered by analysts at Jefferies Financial Group Inc. from $72.00 to $60.00. They now have a "buy" rating on the stock.MarketBeat
- Teekay Tankers Ltd. (NYSE: TNK) had its "underperform" rating re-affirmed by analysts at Bank of America Co.. They now have a $46.00 price target on the stock, down previously from $51.00.MarketBeat
- Here's What We Like About Teekay Tankers' (NYSE:TNK) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Teekay Tankers Ltd. (NYSE: TNK) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating.MarketBeat
TNK
Earnings
- 10/30/24 - Miss
TNK
Sec Filings
- 12/10/24 - Form 6-K
- 12/5/24 - Form 144
- 11/25/24 - Form 144
- TNK's page on the SEC website