Teekay Corporation(NYSE:TK) Declares Dividend of $0.0550.

Teekay Corporation (NYSE:TK) had declared a cash dividend of $0.0550 on Oct 3, 2016. The shares will quote ex-dividend on Oct 26, 2016 and the record date has been fixed for Oct 28, 2016. On Oct 3, 2016 share price, the yield comes out to be 2.7604%. The dividend payable date has been fixed on Nov 16, 2016.

In a different note, On Jul 27, 2016, Jefferies said it Maintains its rating on Teekay Corporation. In the research note, the firm Lowers the price-target to $9.00 per share. The shares have been rated ‘Hold’ by the firm.

Teekay Corporation (TK) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -1.97% at a volume of 12,51,416. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.71. The peak price level was also seen at $8.71 while the days lowest was $8.395. Finally the shares closed at $8.46. The 52-week high of the shares is $35.93 while the 52-week low is $4.37. According to the latest information available, the market cap of the company is $718 M.

Teekay Corporation(TK) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $587.62M. Analysts had an estimated revenue of $558.42M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.03.

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production storage and offloading services primarily under long-term fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors through its subsidiary Teekay LNG Partners L.P. (Teekay LNG). The Company is engaged in the operations in the offshore production storage and transportation sector through its subsidiary Teekay Offshore Partners L.P. (Teekay Offshore) and through its interest in Teekay Petrojarl AS. It is also engaged in the conventional tanker business through its subsidiary Teekay Tankers Ltd. (Teekay Tankers). The Company has four primary lines of business which consist of offshore logistics offshore production liquefied gas carriers and conventional tankers.

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