Teekay Corp. (TK) Announces Quarterly Dividend of $0.32
Teekay Corp. (NYSE:TK) announced a quarterly dividend on Monday, October 7th, Analyst Ratings News reports. Stockholders of record on Wednesday, October 16th will be paid a dividend of $0.3163 per share on Thursday, October 31st. This represents a $1.27 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, October 11th.
A number of analysts have recently weighed in on TK shares. Analysts at TheStreet downgraded shares of Teekay Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 15th. Analysts at Jefferies Group raised their price target on shares of Teekay Corp. from $43.00 to $47.00 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Teekay Corp. has a consensus rating of “Buy” and an average target price of $42.00.
Shares of Teekay Corp. (NYSE:TK) traded down 0.36% on Monday, hitting $41.46. 102,432 shares of the company’s stock traded hands. Teekay Corp. has a 52-week low of $28.88 and a 52-week high of $43.40. The stock’s 50-day moving average is $40.61 and its 200-day moving average is $38.44. The company’s market cap is $2.932 billion.
Teekay Corp. (NYSE:TK) last released its earnings data on Thursday, August 8th. The company reported ($0.47) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.26) by $0.21. The company had revenue of $430.70 million for the quarter, compared to the consensus estimate of $418.34 million. During the same quarter last year, the company posted ($0.25) earnings per share. Teekay Corp.’s revenue was down 11.5% compared to the same quarter last year.
Teekay Corporation (NYSE:TK) is a provider of international crude oil and gas marine transportation services and it also offer offshore oil production, storage and offloading services, under long-term, fixed-rate contracts.
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