Teekay Tankers Ltd. Reports Fourth Quarter and Annual 2024 Results and Declares Dividend

Rhea-AI Summary

Teekay Tankers (NYSE: TNK) announced its financial results for Q4 and full-year 2024, along with a quarterly dividend declaration. The Board of Directors has declared a cash dividend of $0.25 per share for the fourth quarter ended December 31, 2024. The dividend will be payable on March 14, 2025 to shareholders of record as of March 3, 2025.

Positive

• Declared quarterly dividend of $0.25 per share

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• None.

HAMILTON, Bermuda, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter and the year ended December 31, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended December 31, 2024. The cash dividend is payable on March 14, 2025 to all shareholders of record as at March 3, 2025.

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

About Teekay Tankers

Teekay Tankers has a fleet of 39 double-hull tankers (including 23 Suezmax tankers and 16 Aframax / LR2 tankers), and has five time chartered-in oil and product 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 manages and operates vessels for the Australian Government and Australian energy companies as part of the marine services provided by the Company and 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 Ltd.

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

For Investor Relations enquiries contact:

E-mail: investor.relations@teekay.com 
Website: www.teekay.com

FAQ

When will Teekay Tankers (TNK) pay its Q4 2024 dividend?

Teekay Tankers will pay its Q4 2024 dividend of $0.25 per share on March 14, 2025, to shareholders of record as of March 3, 2025.

What is Teekay Tankers' (TNK) Q4 2024 dividend amount?

Teekay Tankers declared a quarterly dividend of $0.25 per share for Q4 2024.

What is the record date for Teekay Tankers' (TNK) Q4 2024 dividend?

The record date for Teekay Tankers' Q4 2024 dividend is March 3, 2025.

When did Teekay Tankers (TNK) announce its Q4 2024 results?

Teekay Tankers announced its Q4 and full-year 2024 results on February 19, 2025.