Teekay Tankers Ltd. (TNK) Yield on Cost (YOC): 2.65%
The yield on cost (YOC) for Teekay Tankers Ltd. (TNK) is 2.65%.
TNK Yield on Cost (YOC) Metrics
YIELD ON COST (YOC)
2.65%
Yield on Cost for TNK
TNK now pays $2.00 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-06-15) | $25.52 | 7.84% |
| 5 years ago(2021-06-10) | $15.65 | 12.78% |
| 3 years ago(2023-06-13) | $36.53 | 5.47% |
| 1 year ago(2025-06-11) | $44.92 | 4.45% |
| Buying today(at $75.40) | $75.40 | 2.65% |
If you buy today and the dividend keeps growing
Projection: starting from today's 2.65% yield, assuming the dividend keeps compounding at its historical 35.4% rate. Boards set dividends each year, so actual figures will differ.
Today
2.65%
In 3 years
5.53%
In 5 years
9.01%
In 10 years
30.63%
Yield on Cost Calculator
Try your own purchase price, dividend and growth rate for Teekay Tankers Ltd. (TNK).
Starting Yield
2.65%
Ending YOC
249.17%
Year 15 Dividend
$187.87
Cum. Dividends Recd.
$711.39
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $2.00 | — | 2.65% | $0.00 |
| Year 1 | $2.71 | +35.37% | 3.59% | $2.71 |
| Year 2 | $3.67 | +35.37% | 4.86% | $6.37 |
| Year 3 | $4.96 | +35.37% | 6.58% | $11.33 |
| Year 4 | $6.72 | +35.37% | 8.91% | $18.05 |
| Year 5 | $9.09 | +35.37% | 12.06% | $27.14 |
| Year 6 | $12.31 | +35.37% | 16.32% | $39.45 |
| Year 7 | $16.66 | +35.37% | 22.10% | $56.11 |
| Year 8 | $22.55 | +35.37% | 29.91% | $78.66 |
| Year 9 | $30.53 | +35.37% | 40.49% | $109.19 |
| Year 10 | $41.33 | +35.37% | 54.81% | $150.52 |
| Year 11 | $55.95 | +35.37% | 74.20% | $206.47 |
| Year 12 | $75.74 | +35.37% | 100.44% | $282.20 |
| Year 13 | $102.52 | +35.37% | 135.97% | $384.73 |
| Year 14 | $138.79 | +35.37% | 184.07% | $523.51 |
| Year 15 | $187.87 | +35.37% | 249.17% | $711.39 |
Teekay Tankers Ltd. Yield on Cost (YOC) Formula & Definition
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Teekay Tankers Ltd. Yield on Cost (YOC) FAQ
- What is the yield on cost (YOC) for Teekay Tankers Ltd. (TNK)?
- The yield on cost (YOC) for TNK stock is 2.65%.
About Teekay Tankers Ltd.
Teekay Tankers Ltd. specializes in providing essential marine transportation solutions to the global oil industry, with its operations spanning Bermuda and international waters. The company's service offerings encompass both voyage and time charter arrangements, alongside specialized offshore ship-to-ship transfer operations for a diverse range of commodities. These primarily include crude oil and refined petroleum products, but also extend to liquid gases and various other specialized cargo. Beyond shipping, Teekay Tankers Ltd. further extends its expertise to include comprehensive commercial and technical management services for tankers. As of December 31, 2021, the company operated a substantial fleet, comprising 48 owned and leased double-hull oil tankers. This is supplemented by two Aframax tankers and a single LR2 tanker, all acquired via time charter agreements. Established in 2007, Teekay Tankers Ltd. maintains its corporate headquarters in Hamilton, Canada.
- Sector
- Industrials
- Industry
- Marine Shipping
- CEO
- Kenneth Hvid