Teekay Tankers Ltd. Reports Third Quarter 2023 Results and Declares Dividend

Rhea-AI Summary

Teekay Tankers Ltd. (NYSE: TNK) has reported its results for the quarter ended September 30, 2023. The company's Board of Directors has declared a cash dividend of $0.25 per share for the same quarter. The dividend is payable on November 27, 2023, to shareholders of record as of November 14, 2023.

HAMILTON, Bermuda, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2023 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2023. The cash dividend is payable on November 27, 2023 to all shareholders of record as at November 14, 2023.

The full earnings release and earnings presentation are available on the Company’s website here.

About Teekay Tankers

Teekay Tankers has a fleet of 44 double-hull tankers (including 25 Suezmax tankers and 19 Aframax / LR2 tankers), and has eight time chartered-in tankers. Teekay Tankers’ vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its oil tanker business.

Teekay Tankers’ Class A common stock trades on the New York Stock Exchange under the symbol “TNK.”

For Investor Relations
enquiries contact:

E-mail: TeekayTankers@IGBIR.com
Website: www.teekay.com

FAQ

What is the stock symbol for Teekay Tankers?

The stock symbol for Teekay Tankers is TNK.

What are the key points from Teekay Tankers' latest results?

Teekay Tankers has reported its results for the quarter ended September 30, 2023. For more details, refer to the full earnings release and earnings presentation available on the company's website.

What is the cash dividend declared by Teekay Tankers?

Teekay Tankers has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2023.

When is the cash dividend payable?

The cash dividend is payable on November 27, 2023.

Who are eligible to receive the cash dividend?

Shareholders of record as of November 14, 2023, are eligible to receive the cash dividend.