Quarterly Dividend of $0.32 Planned by Teekay Co. (TK)
Teekay (NYSE:TK) announced a quarterly dividend on Friday, January 4th. Shareholders of record on Wednesday, January 16th will be paid a dividend of $0.32 per share on Wednesday, January 30th. This represents a $1.27 annualized dividend and a dividend yield of 3.71%.
On a related note, analysts at Jefferies Group cut their price target on shares of Teekay from $41.00 to $39.00 in a research note to investors on Friday, November 9th. They now have a “buy” rating on the stock.
Shares of Teekay (TK) traded up 0.03% during mid-day trading on Friday, hitting $34.11. Teekay (TK) has a one year low of $24.89 and a one year high of $36.60. The stock’s 50-day moving average is currently $31.60. The company’s market cap is $2.372 billion.
Teekay last announced its earnings results on Thursday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.23. The company had revenue of $433.90 million for the quarter, compared to the consensus estimate of $433.25 million. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts expect that Teekay (TK) will post $-0.76 EPS for the current fiscal year.
Teekay Corporation (Teekay) is a provider of international crude oil and petroleum product transportation services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.