Teekay Tankers Ltd. (NYSE:TNK) is included among the 10 Best Shipping Stocks with Dividends.
A large oil refinery against a backdrop of ocean containers and industrial cranes.
Teekay Tankers Ltd. operates a fleet of 37 double-hulled oil and product tankers, including 21 Suezmax and 16 Aframax/LR2 vessels, along with three additional chartered-in tankers. The company typically employs its fleet through a combination of spot market trading and short- to medium-term fixed-rate time-charter contracts.
In the second quarter of 2025, Teekay Tankers Ltd. reported strong financial performance, with GAAP net income reaching $62.6 million and adjusted net income totaling $48.7 million. Since its May 2025 earnings release, the company has actively advanced its fleet renewal strategy. This includes acquiring a modern Suezmax tanker and agreeing to purchase the remaining 50% stake in the Hong Kong Spirit VLCC. At the same time, the company has capitalized on favorable market conditions by selling five older vessels for a combined total of approximately $158.5 million, which is expected to generate estimated book gains of around $46 million.
Teekay Tankers Ltd. also holds a consistent dividend policy. The company currently pays a quarterly dividend of $0.25 per share and has a dividend yield of 2.22%, as recorded on July 30.
READ NEXT: 13 Best Materials Dividend Stocks to Buy Right Now and 10 Best and Safe Dividend Stocks to Buy Now
