Teekay Corporation Ltd. (TK) to Issue Special Dividend of $1.00 on June 2nd

Teekay Corporation Ltd. (NYSE:TK) declared a special dividend on Wednesday, May 13th. Investors of record on Tuesday, May 26th will be given a dividend of 1.00 per share by the shipping company on Tuesday, June 2nd. The ex-dividend date is Tuesday, May 26th.

Teekay Stock Down 0.9%

NYSE TK opened at $13.37 on Friday. Teekay has a 52-week low of $7.11 and a 52-week high of $14.38. The business’s 50-day moving average price is $12.68 and its 200 day moving average price is $11.08. The firm has a market cap of $1.16 billion, a P/E ratio of 8.85 and a beta of 0.23.

Teekay (NYSE:TK) last released its quarterly earnings results on Wednesday, May 13th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.44. Teekay had a return on equity of 6.36% and a net margin of 13.03%.The firm had revenue of $285.82 million for the quarter, compared to analyst estimates of $285.82 million.

Teekay Company Profile

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.