Teekay Co. (NYSE:TK) Raises Dividend to $2.25 Per Share

Teekay Co. (NYSE:TK - Get Free Report) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Tuesday, May 21st will be given a dividend of 2.25 per share by the shipping company on Friday, May 31st. This represents a $9.00 dividend on an annualized basis and a yield of 102.39%. The ex-dividend date is Monday, May 20th. This is a positive change from Teekay's previous quarterly dividend of $0.06.

Teekay Stock Performance

NYSE TK traded up $0.13 during trading hours on Friday, hitting $8.79. The company had a trading volume of 912,207 shares, compared to its average volume of 524,613. Teekay has a fifty-two week low of $5.45 and a fifty-two week high of $9.27. The firm has a market cap of $799.45 million, a P/E ratio of 5.43 and a beta of 0.62. The company has a quick ratio of 5.03, a current ratio of 5.33 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $7.41 and a 200-day simple moving average of $7.52.

Teekay (NYSE:TK - Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The shipping company reported $0.44 earnings per share for the quarter. The business had revenue of $365.05 million for the quarter. Teekay had a net margin of 11.09% and a return on equity of 8.25%.

Teekay Company Profile

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.