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Teekay Tankers Ltd. Declares Dividend


Teekay Tankers Ltd. Declares Dividend

HAMILTON, BERMUDA -- (Marketwire) -- 02/20/13 -- Teekay Tankers Ltd. (NYSE:TNK) today announced that its Board of Directors has voted to declare a cash dividend of $0.03 per share for the quarter ended December 31, 2012. The cash dividend is payable on March 11, 2013 to all shareholders of record on March 4, 2013.

About Teekay Tankers Ltd.

Teekay Tankers currently owns a fleet of 27 double-hull vessels, including 11 Aframax tankers, 10 Suezmax tankers, three Long Range 2 (LR2) product tankers, three Medium-Range (MR) product tankers, and has time-chartered in two Aframax tankers, which vessels an affiliate of Teekay Corporation (NYSE:TK) manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading. The Company also owns a VLCC newbuilding through a 50 percent joint venture, which is scheduled to deliver in the second quarter of 2013. 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: Teekay Tankers Ltd. Kent Alekson Investor Relations Enquiries +1 (604) 844-6654 www.teekaytankers.com

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