SmarterDividends
TNK

Teekay Tankers Ltd.

TNK

Energy · Oil & Gas Midstream · Stock · quarterly payer

$99.47

Undervalued · +78% Add to Portfolio

Forward Yield

1.01%

Annual Dividend

$1.00

Payout Ratio

6%

5-Yr Growth

—

Ex-Date

Aug 10, 2026

Frequency

Quarterly

Key facts about TNK's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 25, 2026, Teekay Tankers Ltd. (TNK) has a forward dividend yield of 1.01%, based on an annual dividend of $1.00 per share and a share price of $99.47.
  • As of Oct 25, 2026, TNK's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
  • TNK last cut its regular dividend in 2017.
  • TNK's most recent ex-dividend date was Aug 10, 2026, for a dividend of $0.25 per share.
  • As of Oct 25, 2026, TNK pays out 6% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 25, 2026, TNK's 1.01% yield is 77% below its five-year average yield of 4.38%.
  • As of Oct 25, 2026, SmarterDividends' blended fair-value estimate for TNK is $177.47 per share, 78% above the $99.47 share price, so TNK screens as undervalued.
  • Teekay Tankers Ltd. (TNK) pays its dividend quarterly, 4 times a year.
  • Teekay Tankers Ltd. (TNK) has raised its regular dividend 7 times and cut it 9 times across the 54 payments on record since 2008. Its most recent change was a 50.0% increase to $0.240 per share, going ex-dividend on Feb 28, 2013. The last cut went ex-dividend on Nov 15, 2012.
Cite this page

SmarterDividends, "TNK Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 25, 2026, https://smarterdividends.com/stocks/TNK

Summary

As of Oct 25, 2026, Teekay Tankers Ltd. (TNK) yields 1.01% ($1.00 a year per share) and has a dividend safety grade of B (66/100).

Is TNK a good dividend stock?

Yes, with caveats

Teekay Tankers Ltd. (TNK) pays a quarterly dividend yielding 1.01% ($1.00/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (6%)
  • 786% total price return over 5 years

Risks

  • Cut its dividend in 2017

Key Data

Dividend Yield
1.01%
Payout Ratio
6%
Annual Dividend
$1.00
5-Yr Avg Growth
—
Ex-Dividend Date
Aug 10, 2026
Years of Growth
0
Frequency
quarterly
Beta
-0.12
Market Cap
$3.4B
P/E Ratio
5.9
5-Yr Total Return
786%
52-Week Range
$50.94 – $110.65
Dividend Safety
B · 66/100
Ever Cut?
Yes (2017)

TNK dividend raises and cuts

Teekay Tankers Ltd. (TNK) has raised its regular dividend 7 times and cut it 9 times across the 54 payments on record since 2008. Its most recent change was a 50.0% increase to $0.240 per share, going ex-dividend on Feb 28, 2013. The last cut went ex-dividend on Nov 15, 2012.

Ex-dateChangeOld → newMove
Feb 28, 2013Raise$0.160 → $0.240+50.0%
Nov 15, 2012Cut$0.880 → $0.160−81.8%
Aug 16, 2012Cut$1.28 → $0.880−31.3%
May 24, 2012Raise$1.20 → $1.28+6.7%
Nov 17, 2011Cut$1.68 → $1.20−28.6%
Aug 17, 2011Cut$2.00 → $1.68−16.0%
May 18, 2011Raise$1.76 → $2.00+13.6%
Mar 4, 2011Cut$2.48 → $1.76−29.0%
Nov 12, 2010Raise$2.08 → $2.48+19.2%
Mar 4, 2010Raise$1.20 → $2.08+73.3%
Nov 18, 2009Cut$3.20 → $1.20−62.5%
Aug 20, 2009Cut$4.72 → $3.20−32.2%
Show all 16 changes since 2008
Ex-dateChangeOld → newMove
May 20, 2009Cut$5.76 → $4.72−18.1%
Mar 4, 2009Cut$7.20 → $5.76−20.0%
Aug 13, 2008Raise$5.60 → $7.20+28.6%
May 21, 2008Raise$0.920 → $5.60+508.7%
Every TNK payment →Download every raise and cut (CSV)
TNK ex-dividend date & scheduleNext ex-date Aug 10, 2026 · full ex-dividend historyView →TNK dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is TNK a good dividend stock?

Yes, with caveats. Teekay Tankers Ltd. (TNK) pays a quarterly dividend yielding 1.01% ($1.00/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is TNK undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TNK's fair value is about $177.47 versus a $99.47 share price — so it looks undervalued (+78% vs. fair value).

Is TNK's dividend safe?

TNK has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2017, debt and yield-versus-history.

What is TNK's fair value?

Our blended fair-value estimate for TNK is about $177.47 per share, roughly 78% above the current $99.47 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TNK a buy, hold, or sell?

We don't issue formal ratings, but on the data TNK screens as "yes, with caveats" and undervalued. Teekay Tankers Ltd. (TNK) pays a quarterly dividend yielding 1.01% ($1.00/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will TNK cut its dividend?

TNK earns a dividend-safety grade of B (66/100), and has cut its dividend before (last in 2017). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TNK pay a dividend?

Yes. Teekay Tankers Ltd. pays a quarterly dividend of about $1.00 per share annually, a forward yield of roughly 1.01%.

What is TNK's dividend yield?

As of Oct 25, 2026, TNK's forward dividend yield is 1.01%, based on a $1.00 annual dividend and a $99.47 share price.

What is TNK's dividend per share?

As of Oct 25, 2026, TNK pays $1.00 per share per year, distributed on a quarterly basis.

What is TNK's dividend payout ratio?

As of Oct 25, 2026, TNK's payout ratio is 6% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has TNK grown its dividend?

TNK does not currently have a long dividend-growth streak on record.

When is the next TNK ex-dividend date?

As of Oct 25, 2026, TNK's next ex-dividend date hasn't been announced. The most recent was Aug 10, 2026, for $0.25 per share.

TNK Dividend News

TNK
SpecialTNK·Jun 15, 2026

Teekay Tankers Lifts Dividend Payment 400.0% to $1.25

Teekay Tankers' $1.25 special-dividend payment lifted the prior $0.25 rate 400.0%, as strong spot earnings funded returns alongside fleet renewal.

Income Calculator

At $1.00 / yr per share

Per payment (quarterly)$25.00
Annual$100.00
Monthly avg$8.33

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