5 Best Shipping Stocks That Pay Dividends

3. Teekay Tankers Ltd. (NYSE:TNK)

Number of Hedge Fund Holders: 20

Teekay Tankers Ltd. (NYSE:TNK) operates in the marine energy transportation sector, specifically focusing on oil and refined petroleum products. On November 2, the company announced a quarterly dividend of $0.25 per share, which was in line with its previous dividend. The stock’s dividend yield on December 22 came in at 1.83%.

As per Insider Monkey’s database of Q3 2023, 20 hedge funds owned stakes in Teekay Tankers Ltd. (NYSE:TNK), which remained unchanged from the previous quarter. The overall value of these stakes is more than $97.3 million. Among these hedge funds, Millennium Management was the company’s leading stakeholder in Q3.

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