Teekay LNG Partners Plans Quarterly Dividend of $0.69 (TGP)
Teekay LNG Partners (NYSE:TGP) announced a quarterly dividend on Wednesday, July 9th, American Banking News reports. Stockholders of record on Friday, July 25th will be paid a dividend of 0.6918 per share on Friday, August 8th. This represents a $2.77 annualized dividend and a dividend yield of 6.01%.
A number of research firms have recently commented on TGP. Analysts at Zacks upgraded shares of Teekay LNG Partners from an “underperform” rating to a “neutral” rating in a research note on Friday, June 13th. They now have a $45.50 price target on the stock.
Shares of Teekay LNG Partners (NYSE:TGP) traded up 0.79% during mid-day trading on Wednesday, hitting $46.04. The stock had a trading volume of 89,205 shares. Teekay LNG Partners has a one year low of $38.17 and a one year high of $46.88. The stock has a 50-day moving average of $44.84 and a 200-day moving average of $42.59. The company has a market cap of $3.417 billion and a P/E ratio of 20.79.
Teekay LNG Partners (NYSE:TGP) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.56 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.60 by $0.04. On average, analysts predict that Teekay LNG Partners will post $2.41 earnings per share for the current fiscal year.
Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (NYSE:TGP), liquefied petroleum gas (LPG) and crude oil.
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