* Expects Q4 dividend of $0.24-$0.27/shr
* Sees better demand for tankers in 2010
* Shares rise 3 pct post-market
Feb 3 Teekay Tankers Ltd (TNK.N) said it
planned to increase its fourth-quarter dividend, and that the
average spot rates for the first quarter so far were well above
the fourth quarter of 2009.
For the fourth quarter, tanker shipping company said it
expects to pay out a dividend between 24 cents and 27 cents a
share, up from 15 cents a share in the third quarter.
Teekay Tankers said it expects 2010 will be another year of
significant volatility for the tanker market, with spot rates
helped by growing demand for tankers, countered by the
relatively high amount of new tanker capacity entering the
Shares of the Hamilton, Bermuda-based company were up 3
percent at $9.25 in post-market trade. They closed at $8.99
Wednesday on the New York Stock Exchange.
(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by