Teekay Tankers is projecting a first quarter 24 to 27¢ dividend to be paid in March. The company uses a mixture of fixed contract and spot market hires to provide an ongoing dividend plus upside if the rates take off.
The company states that the total dividend for 2010 would be in the neighborhood of $1.30 if rates stay at the current level and about 90¢ if they fall back to the level of last quarter of 2009. Those are pretty good prospects for a stock trading at about $9.00 per share.
Teekay Tankers forecasts dividends
http://www.teekaytankers.com/index.aspx?page=tnk_news&article_id=727
Teekay Tankers is projecting a first quarter 24 to 27¢ dividend to be paid in March. The company uses a mixture of fixed contract and spot market hires to provide an ongoing dividend plus upside if the rates take off.
The company states that the total dividend for 2010 would be in the neighborhood of $1.30 if rates stay at the current level and about 90¢ if they fall back to the level of last quarter of 2009. Those are pretty good prospects for a stock trading at about $9.00 per share.