Key Highlights

  • Teekay Tankers declared a fixed quarterly Cash Dividend of $0.25 per share for the quarter ended September 30, 2026.
  • The dividend is payable on December 4, 2026, to shareholders of record as of November 23, 2026.
  • The fleet includes 38 double-hulled Crude Oil and product tankers, including committed newbuildings.
  • The company trades on the New York Stock Exchange under the symbol TNK.

Teekay Tankers Ltd. (NYSE:TNK) reported its results for the three months ended September 30, 2026, on November 11, 2026, and declared a fixed quarterly cash dividend of $0.25 per share. The board approved the payment for the quarter ended September 30. The company, which is based in Hamilton, Bermuda, owns and operates mid-sized crude tankers and manages a range of marine services. The dividend is the main item shareholders will track from the announcement.

The payout is scheduled for December 4, 2026, for shareholders of record as of November 23, 2026. Investors buying shares close to the Record Date should check the settlement timing with their brokers, since eligibility depends on holding the shares on that date.

Dividend Terms and Timing

The $0.25 quarterly dividend is a fixed cash payment, meaning it does not vary with the quarter’s profit in the way a variable dividend would. A fixed payout gives shareholders predictable income, but it also means the company must have enough Cash Flow to maintain it through periods when tanker rates fall.

The record date of November 23 determines which shareholders receive the payment, while the payment date of December 4 is when the cash is sent. The gap between the two dates is standard in dividend processes, and it allows the company and its transfer agent to finalize the list of eligible holders before payments are made.

The Fleet Behind the Payout

Teekay Tankers operates a fleet of 38 double-hulled crude oil and product tankers, which includes committed newbuildings and three time chartered-in vessels. Its ships are typically employed through a mix of spot market trading and shorter or medium-term fixed-rate time charters, which affects how steady the company’s cash flow is from quarter to quarter.

The company also manages and operates vessels for the Australian government and Australian energy companies, and it owns a ship-to-ship transfer Business for lightering in the U.S. Gulf and Caribbean. Those services add variety to its revenue, though the core Earnings base still comes from its tanker operations.

What Dividend Investors Should Weigh

Tanker dividends can change significantly as freight rates move, so a stable quarterly payment is not guaranteed over the long term. Investors considering income from this type of company should look at how the payout compares with cash generation and the company’s Capital needs, including fleet renewal.

The company’s next results will show whether earnings support the current dividend and whether the spot market is strengthening or weakening. Those figures, together with any change to the quarterly payment, will indicate how the board views the balance between returning cash and funding the fleet.

Final Word

Teekay Tankers has declared a $0.25 quarterly dividend, payable on December 4, 2026, to holders of record as of November 23. The payout is supported by a 38-vessel fleet that trades in both the spot and fixed-rate markets. Future quarterly results will show whether the dividend stays at its current level as tanker rates shift.