Teekay Tankers Ltd.

NYSE : TNK


Teekay Tankers Ltd.

January 03, 2014 16:15 ET

Teekay Tankers Ltd. Declares Dividend

HAMILTON, BERMUDA--(Marketwired - Jan. 3, 2014) - Teekay Tankers Ltd. (NYSE:TNK) today announced that its Board of Directors has declared a fixed cash dividend of $0.03 per share for the quarter ended December 31, 2013. The cash dividend is payable on January 31, 2014 to all shareholders of record on January 17, 2014.

About Teekay Tankers Ltd.

Teekay Tankers currently owns a fleet of 27 double-hull vessels, including 11 Aframax tankers, 10 Suezmax tankers, three Long Range 2 (LR2) product tankers, three Medium-Range (MR) product tankers and has one time-chartered in Aframax tanker, which vessels an affiliate of Teekay Corporation (NYSE: TK) manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading. The Company also owns a VLCC through a 50 percent-owned joint venture. Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business.

Teekay Tankers' common stock trades on the New York Stock Exchange under the symbol "TNK".

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