Teekay Co. (TK) to Issue — Dividend of $1.00 on December 18th

Teekay Co. (NYSE:TKGet Free Report) announced a — dividend on Wednesday, October 30th, Wall Street Journal reports. Investors of record on Wednesday, December 4th will be paid a dividend of 1.00 per share by the shipping company on Wednesday, December 18th. The ex-dividend date is Wednesday, December 4th.

Teekay Price Performance

TK stock opened at $8.38 on Friday. Teekay has a 12 month low of $6.41 and a 12 month high of $9.95. The firm’s 50-day moving average is $8.57 and its 200 day moving average is $8.49. The company has a market capitalization of $769.16 million, a PE ratio of 5.58 and a beta of 0.60.

Teekay (NYSE:TKGet Free Report) last issued its earnings results on Thursday, August 1st. The shipping company reported $0.35 earnings per share (EPS) for the quarter. Teekay had a net margin of 11.05% and a return on equity of 6.63%. The company had revenue of $326.14 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Teekay from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 28th.

View Our Latest Research Report on TK

About Teekay

(Get Free Report)

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.

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Dividend History for Teekay (NYSE:TK)

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