Teekay Corporation Ltd. (NYSE:TK) Announces Special Dividend of $1.00

Teekay Corporation Ltd. (NYSE:TK) announced a special dividend on Wednesday, May 13th. Shareholders of record on Tuesday, May 26th will be given a dividend of 1.00 per share by the shipping company on Tuesday, June 2nd. The ex-dividend date of this dividend is Tuesday, May 26th.

Teekay Stock Performance

NYSE:TK opened at $13.26 on Thursday. The company has a market capitalization of $1.15 billion, a PE ratio of 11.73 and a beta of 0.23. Teekay has a fifty-two week low of $7.11 and a fifty-two week high of $14.38. The company has a 50 day simple moving average of $12.53 and a two-hundred day simple moving average of $10.89.

Teekay (NYSE:TK) last announced its quarterly earnings data on Wednesday, May 13th. The shipping company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.11 by $0.44. Teekay had a net margin of 10.33% and a return on equity of 4.76%.

About Teekay

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.