Dividend Worth Mentioning: Nov 18, 2016 is the day that Teekay Tankers Ltd. (NYSE:TNK) shareholders will see dividends of $0.03?

Dividend Worth Mentioning: Nov 18, 2016 is the day that Teekay Tankers Ltd. (NYSE:TNK) shareholders will see dividends of $0.03?

Teekay Tankers Ltd. (NYSE:TNK) is expected to pay $0.03 on Nov 18, 2016. The indicated annual dividend is $0.12. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Teekay Tankers Ltd.’s current price of $2.25, the dividend is 1.33%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 3, 2016. The stock increased 4.65% or $0.1 during the last trading session, hitting $2.25. Teekay Tankers Ltd. (NYSE:TNK) has declined 38.57% since April 5, 2016 and is downtrending. It has underperformed by 40.53% the S&P500.

Teekay Tankers Ltd. is an international well-known provider of marine transportation to the oil industries. The company has a market cap of $326.35 million. The Company’s business is to own crude oil and product tankers. It has a 2.13 P/E ratio. The Firm has two divisions: conventional tanker and ship-to-ship transfer.

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.08, from 1.09 in 2016Q1. The ratio is positive, as 24 funds sold all Teekay Tankers Ltd. shares owned while 34 reduced positions. 17 funds bought stakes while 51 increased positions. They now own 67.96 million shares or 5.39% less from 71.83 million shares in 2016Q1.
Principal Finance Grp reported 21,822 shares or 0% of all its holdings. Schwab Charles Invest Management Inc owns 181,000 shares or 0% of their US portfolio. Huber Cap Mngmt Lc has 2.35% invested in the company for 19.18 million shares. Us Bank & Trust De holds 0% or 27,000 shares in its portfolio. Raymond James holds 75,009 shares or 0% of its portfolio. Morgan Stanley, a New York-based fund reported 556,344 shares. Jpmorgan Chase And last reported 0% of its portfolio in the stock. Hbk L P has 0% invested in the company for 55,902 shares. The Illinois-based Advisory Rech has invested 0% in Teekay Tankers Ltd. (NYSE:TNK). Spot Trading Limited Liability Corp accumulated 9,845 shares or 0% of the stock. National Bank & Trust Of New York Mellon Corp has invested 0% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK). Geduld E E owns 20,000 shares or 0.08% of their US portfolio. Proshare Lc has 0% invested in the company for 14,250 shares. Moreover, Deutsche Savings Bank Ag has 0% invested in Teekay Tankers Ltd. (NYSE:TNK) for 152,419 shares. Guggenheim Capital Lc has 724,968 shares for 0.01% of their US portfolio.

Teekay Tankers Ltd. (NYSE:TNK) Ratings Coverage

Out of 9 analysts covering Teekay Tankers (NYSE:TNK), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. Teekay Tankers has been the topic of 14 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Agricole given on Tuesday, December 8. The firm has “Buy” rating by UBS given on Thursday, October 22. As per Friday, September 4, the company rating was upgraded by UBS. As per Friday, May 20, the company rating was downgraded by Bank of America. UBS downgraded the stock to “Neutral” rating in Tuesday, July 26 report. The stock has “Hold” rating given by Danske Bank on Wednesday, March 2. The stock has “Buy” rating given by Deutsche Bank on Friday, November 6. The rating was initiated by Barclays Capital with “Overweight” on Monday, January 11. JP Morgan upgraded Teekay Tankers Ltd. (NYSE:TNK) on Thursday, April 7 to “Neutral” rating. The company was downgraded on Tuesday, January 12 by JP Morgan.

Another recent and important Teekay Tankers Ltd. (NYSE:TNK) news was published by Marketwired.com which published an article titled: “Teekay Tankers Ltd. Reports Third Quarter 2016 Results” on November 03, 2016.

TNK Company Profile

Teekay Tankers Ltd., incorporated on October 17, 2007, is an international well-known provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Firm has two divisions: conventional tanker and ship-to-ship transfer. The Company’s conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts. The Company’s ship-to-ship transfer segment consists of its lightering support services, including those provided to the Company’s conventional tanker segment as part of full service lightering activities and other related services. The Company’s activities are managed by Teekay Tankers Management Services Ltd., which provides the Company with commercial, technical, administrative and strategic services.

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