Teekay Tankers Declares Dividend

HAMILTON, BERMUDA -- (Marketwired) -- 08/03/17 -- Teekay Tankers Ltd. (Teekay Tankers) (NYSE: TNK) today announced that its Board of Directors has declared a cash dividend of $0.03 per share for the quarter ended June 30, 2017, representing the minimum quarterly dividend. The cash dividend is payable on August 18, 2017 to all shareholders of record as at August 14, 2017.

About Teekay Tankers

Teekay Tankers currently owns a fleet of 40 double-hull tankers, including 20 Suezmax tankers, 13 Aframax tankers, and seven Long Range 2 (LR2) product tankers, and has three contracted time charter-in vessels. Teekay Tankers' vessels are employed through a mix of short- or medium-term fixed rate time charter contracts and spot tanker market trading. The Company also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers owns a ship-to-ship transfer business and a minority interest of over 11 percent in Tanker Investments Ltd. (OSE: TIL), which currently owns a fleet of 18 modern tankers. 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."

Contacts:
Investor Relations:
Ryan Hamilton
+1 (604) 844-6654
www.teekaytankers.com

Source: Teekay Tankers Ltd.

You May Also Be Interested In

• US forces in Hormuz help escort oil tankers at night, Burgum says
• SEEM Board Meeting and Annual Meeting of Participants and Stakeholders Scheduled on June 24
• 62% of Consumers Put Earning and Debt Payoff Above Retirement, Investing, and Emergency Savings, New Kashkick Survey Finds