Teekay Tankers Ltd. Reports First Quarter 2025 Results and Declares Dividends
May 07 2025 - 4:05PM
Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK)
today reported the Company's results for the quarter ended March
31, 2025 and announced that its Board of Directors has declared its
fixed cash dividend of $0.25 per share for the quarter ended March
31, 2025. In addition, the Board of Directors has declared a
special cash dividend of $1.00 per share. The cash dividends are
payable on May 30, 2025 to all shareholders of record as at May 19,
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 35 double-hull
tankers (including 20 Suezmax tankers and 15 Aframax / LR2
tankers), and has four 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.comWebsite: www.teekay.com
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