Teekay Corp. (TK) Plans Quarterly Dividend of $0.32
Teekay Corp. (NYSE:TK) announced a quarterly dividend on Friday, January 3rd, Analyst Ratings Network reports. Investors of record on Friday, January 17th will be paid a dividend of 0.3163 per share on Friday, January 31st. This represents a $1.27 annualized dividend and a dividend yield of 2.67%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Teekay Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. They now have a $44.80 price target on the stock. On the ratings front, analysts at Jefferies Group downgraded shares of Teekay Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Teekay Corp. has a consensus rating of “Buy” and a consensus price target of $45.76.
Shares of Teekay Corp. (NYSE:TK) traded up 0.08% on Friday, hitting $47.33. 218,224 shares of the company’s stock traded hands. Teekay Corp. has a 1-year low of $32.49 and a 1-year high of $48.13. The stock’s 50-day moving average is $44.51 and its 200-day moving average is $41.89. The company’s market cap is $3.352 billion.
Teekay Corp. (NYSE:TK) last announced its earnings results on Thursday, November 7th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.14. The company had revenue of $454.80 million for the quarter, compared to the consensus estimate of $410.14 million. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts expect that Teekay Corp. will post $-1.19 EPS for the current fiscal 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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