Teekay Tankers Dividend Insights and Recent Developments: What You Need to Know Before May 19, 2025
Thursday, May 15, 2025 7:31 pm ET
1min read Teekay Tankers (TNK) has announced its latest dividend details. The ex-dividend date is May 19, 2025, with the announcement made on May 7, 2025. Shareholders can expect a dividend of $0.250 per share on May 30, 2025. This amount is slightly lower than the average of the last 10 dividends, which stands at $0.254 per share. Previously, on Mar 14, 2025, the company declared a similar dividend of $0.250 per share. The dividend type for both instances translates to "cash dividend" in English.
Recently, Teekay Tankers has been the focus of significant market attention. Over the past week, analyst sentiment has shown a positive tilt towards the company, as reflected in the average brokerage recommendation (ABR) of 1.60, which falls between Strong Buy and Buy. This recommendation is based on analyses from five brokerage firms, four of which have rated the stock as a Strong Buy. However, it is essential to approach these endorsements with caution, as analysts' recommendations can be influenced by vested interests. To provide a more balanced view, the Zacks Rank, an independent stock rating system, has assigned Teekay Tankers a Rank #4 (Sell) due to a 2.3% decline in the consensus earnings estimate for the year, suggesting possible near-term challenges for the company.
In addition to analyst recommendations, there have been notable shifts in the company's ownership structure. Jacobs Levy Equity Management Inc. has reduced its stake in Teekay Tankers by 2.7% during the fourth quarter, while Voya Investment Management LLC has acquired a new position in the company. These moves underscore differing perspectives on the company's future performance.
In conclusion, Teekay Tankers presents a mixed investment outlook, with strong buy recommendations from brokerages and a more cautious stance from independent ratings. Investors should keep in mind that May 19, 2025, is the last day to purchase shares and be eligible for the upcoming dividend. Any purchases made after this date will not qualify for the dividend payout.
Recently, Teekay Tankers has been the focus of significant market attention. Over the past week, analyst sentiment has shown a positive tilt towards the company, as reflected in the average brokerage recommendation (ABR) of 1.60, which falls between Strong Buy and Buy. This recommendation is based on analyses from five brokerage firms, four of which have rated the stock as a Strong Buy. However, it is essential to approach these endorsements with caution, as analysts' recommendations can be influenced by vested interests. To provide a more balanced view, the Zacks Rank, an independent stock rating system, has assigned Teekay Tankers a Rank #4 (Sell) due to a 2.3% decline in the consensus earnings estimate for the year, suggesting possible near-term challenges for the company.
In addition to analyst recommendations, there have been notable shifts in the company's ownership structure. Jacobs Levy Equity Management Inc. has reduced its stake in Teekay Tankers by 2.7% during the fourth quarter, while Voya Investment Management LLC has acquired a new position in the company. These moves underscore differing perspectives on the company's future performance.
In conclusion, Teekay Tankers presents a mixed investment outlook, with strong buy recommendations from brokerages and a more cautious stance from independent ratings. Investors should keep in mind that May 19, 2025, is the last day to purchase shares and be eligible for the upcoming dividend. Any purchases made after this date will not qualify for the dividend payout.
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