Teekay Tankers Declares Dividend
Bermuda’s Teekay Tankers Ltd. today [Feb.7] announced that its board of directors has voted to declare a cash dividend of $0.11 per share for the quarter ended December 31, 2011.
The cash dividend is payable on February 28, 2012 to all shareholders of record on February 21, 2012.
Teekay Tankers Ltd. was formed in Bermuda in December, 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business.
Teekay Tankers owns a fleet of nine double-hull Aframax tankers and six double-hull Suezmax tankers, all of which an affiliate of Teekay Corporation manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading.
In addition, Teekay Tankers owns a very-large crude carrier [VLCC] newbuilding, through a 50 percent joint venture which is scheduled to deliver in April 2013.
