Is Teekay LNG Partners a good dividend stock?

Teekay LNG Partners (NYSE:TGP) pays an annual dividend of $2.25 per share and currently has a dividend yield of 13.25%. TGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 81.52%. Payout ratios above 75% are not desirable because they may not be sustainable.

What other stocks do shareholders of Teekay LNG Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay LNG Partners investors own include Energy Transfer (ET) , Enterprise Products Partners (EPD) , AT&T (T) , JinkoSolar (JKS) , Nordic American Tankers (NAT) , Verizon Communications (VZ) , Main Street Capital (MAIN) , PhenixFIN (MCC) , BlackRock (BLK) and Xtrackers California Municipal Bond ETF (CA) .

NYSE:TGP

Teekay LNG Partners (TGP) Stock Price, News & Analysis

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Today's Range: $16.98
▼
$17.00
50-Day Range: N/A
52-Week Range: $12.10
▼
$17.24

Volume: 798,080 shs
Average Volume: 928,338 shs
Market Capitalization: $1.48 billion

P/E Ratio: 6.15
Dividend Yield: 13.25%
Price Target: N/A

Stock Analysis

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About Teekay LNG Partners Stock (NYSE:TGP)

Teekay LNG is one of the world's largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. The Partnership's ownership interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation as part of its strategy to expand its operations in the LNG and LPG shipping sectors.

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Transportation
Industry: Deep Sea Freight Transportation
Sub-Industry: N/A
Current Symbol: NYSE:TGP
CUSIP: N/A
CIK: N/A
Web: www.teekaylng.com
Phone: 14412982530
Fax: N/A
Employees: 2,020
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 6.15
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 86,951,000
Free Float: N/A
Market Cap: $1.48 billion
Optionable: Optionable
Beta: N/A

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Key Competitors

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TGP Stock Analysis - Frequently Asked Questions

Is Teekay LNG Partners a good dividend stock?: Teekay LNG Partners (NYSE:TGP) pays an annual dividend of $2.25 per share and currently has a dividend yield of 13.25%. TGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 81.52%. Payout ratios above 75% are not desirable because they may not be sustainable.
What other stocks do shareholders of Teekay LNG Partners own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Teekay LNG Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), JinkoSolar (JKS), Nordic American Tankers (NAT), Verizon Communications (VZ), Main Street Capital (MAIN), PhenixFIN (MCC), BlackRock (BLK) and Xtrackers California Municipal Bond ETF (CA).

This page (NYSE:TGP) was last updated on 4/19/2024 by MarketBeat.com Staff

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Teekay LNG Partners (TGP) Stock Price, News & Analysis

About Teekay LNG Partners Stock (NYSE:TGP)

TGP Stock News Headlines

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Competitors

TGP Stock Analysis - Frequently Asked Questions

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