Teekay Offshore (TOO) Approves $0.45 Per Share Quarterly Dividend

October 20, 2009 4:03 PM EDT

Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (NYSE: TOO) (Teekay Offshore), has declared a cash distribution of $0.45 per unit for the quarter ended September 30, 2009. The cash distribution is payable on November 13, 2009 to all unitholders of record on October 27, 2009.

Current annual dividend yield is 10.00%.

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