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

Teekay Corporation Ltd. (NYSE:TK) announced a special dividend on Wednesday, May 13th. Shareholders of record on Tuesday, May 26th will be paid 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 Price Performance

TK opened at $13.26 on Thursday. Teekay has a 12 month low of $7.11 and a 12 month high of $14.38. The business has a 50-day moving average of $12.53 and a two-hundred day moving average of $10.89. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.73 and a beta of 0.23.

Teekay (NYSE:TK) last announced its quarterly earnings data on Wednesday, May 13th. The shipping company reported $0.55 earnings per share 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%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Teekay from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Teekay Company Profile

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.