Teekay Tankers declares dividend

Teekay Tankers (TNK) – News & Resources.

72¢ per share for shareholders of record on March 6. TNK has paid $3.39 over the last 4 quarters.

My quick scan through the company’s website give no indication why the stock price is so low. TNK has a fleet of 9 Aframax and 2 Suezmax tankers on the spot and longer term charter markets.

I found an interesting graphic at Teekay Tanker’s website. These charts show the 2 classes of tanker rates for 2007, 2008 and so far in 2009 overlayed. Current rates seem pretty much in line with seasonal trends for the last 2 years.

More on this topic (What's this?)
Added and Updated Valuations – 6/22/09
Read more on Teekay Tankers at Wikinvest
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