ByHeather Ingrassia:Since one of my primary investment objectives revolves itself around the generation of income, dividend-related events are always something I tend to keep an eye on. It is these types of events that have a tendency to influence my decision in terms of which stocks I should keep on my radar and which ones I should not.
Douglas E. Johnston:Let me start by emphatically stating that Teekay Tankers (TNK) is a speculative investment. It is not meant for income investors or others who cannot or do not want to risk principal.
Jim Pyke submits:
As the economy recovers and in particular manufacturing, transportation stocks should benefit from the increased transport of goods. Furthermore, as global trade increases, sea transportation stocks would also benefit. Transportation stocks with reasonable dividend yields could be good additions to many stock portfolios by providing exposure to improving economic conditions with the added benefit of current income.
Looking at the universe of stocks we cover at Dividend Channel, on 11/17/11, Teekay Tankers Ltd (NYSE: TNK) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 11/28/11. As a percentage of TNK?s recent stock price of $4.90, this dividend works out to approximately 3.06%, so look for shares of Teekay Tankers Ltd ...