Teekay LNG Partners L.P. (NYSE:TGP) declared a quarterly dividend on Friday, January 5th, Wall Street Journal reports. Investors of record on Friday, February 2nd will be paid a dividend of 0.14 per share by the shipping company on Friday, February 9th. This represents a $0.56 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, February 1st.

Teekay LNG Partners has decreased its dividend payment by an average of 40.8% per year over the last three years. Teekay LNG Partners has a payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Teekay LNG Partners to earn $1.48 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 37.8%.

Shares of Teekay LNG Partners (NYSE:TGP) traded up $0.05 during trading on Friday, hitting $20.55. 257,700 shares of the company traded hands, compared to its average volume of 250,400. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market cap of $1,630.00, a price-to-earnings ratio of 24.76 and a beta of 1.27. Teekay LNG Partners has a 52 week low of $14.05 and a 52 week high of $20.85.

Several analysts recently commented on TGP shares. Stifel Nicolaus reissued a “hold” rating and set a $16.00 price objective on shares of Teekay LNG Partners in a research report on Friday, October 13th. UBS Group cut their price objective on shares of Teekay LNG Partners from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Zacks Investment Research raised shares of Teekay LNG Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised shares of Teekay LNG Partners from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Jefferies Group started coverage on shares of Teekay LNG Partners in a research report on Monday, December 18th. They set a “hold” rating and a $18.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Teekay LNG Partners has a consensus rating of “Hold” and an average price target of $18.00.

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About Teekay LNG Partners

Teekay LNG Partners L.P. is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled.

Dividend History for Teekay LNG Partners (NYSE:TGP)

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