Business Context and Reporting Period
This Form 6-K filing by Teekay Tankers Ltd. (NYSE: TNK) is dated February 7, 2012. The company operates a fleet of nine double-hull Aframax tankers and six double-hull Suezmax tankers, managed by an affiliate of Teekay Corporation. The fleet operates under a mix of fixed-rate time-charter contracts and spot market trading. The company also holds a 50% interest in a VLCC newbuilding scheduled for delivery in April 2013.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the period. The primary financial disclosure is a dividend declaration.
- Dividend Declared: $0.11 per share for the quarter ended December 31, 2011.
- Record Date: February 21, 2012.
- Payment Date: February 28, 2012.
Material Changes
The filing text does not provide comparative financial data or details on material changes in operations versus the prior comparable period. It serves solely as a notification of the quarterly dividend declaration.
Guidance, Outlook, and Risks
Management commentary indicates the company intends to distribute all Cash Available for Distribution on a quarterly basis, subject to board-established reserves. The filing does not contain specific forward-looking guidance, risk factors, contingencies, or unusual items beyond the standard operational description.
Investor Verification Checklist
- Verify the ex-dividend date to confirm eligibility for the $0.11 per share payment.
- Confirm the total number of shares outstanding to calculate the aggregate dividend payout.
- Review the company's most recent Form 20-F or quarterly report for detailed financial statements, as this 6-K does not contain them.
- Monitor the status of the VLCC newbuilding joint venture scheduled for April 2013 delivery.