Teekay Corporation Declares Dividend

HAMILTON, BERMUDA -- (Marketwired) -- 04/02/15 -- Teekay Corporation (Teekay or the Company) (NYSE: TK) announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share for the quarter ended March 31, 2015. The cash dividend is payable on April 30, 2015 to all shareholders of record as at April 17, 2015.

About Teekay Corporation

Teekay Corporation is a portfolio manager and project developer in the marine midstream space that owns a 2 percent general partner interest, all of the outstanding incentive distributions rights and a portion of the outstanding limited partner interests in Teekay LNG Partners L.P. (NYSE: TGP) and Teekay Offshore Partners L.P. (NYSE: TOO). In addition, Teekay has a controlling ownership interest in Teekay Tankers Ltd. (NYSE: TNK) and a fleet of directly-owned vessels. The combined Teekay entities manage and operate consolidated assets of approximately $12 billion, comprised of approximately 200 liquefied gas, offshore, and conventional tanker assets. With offices in 15 countries and approximately 6,700 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world's leading oil and gas companies, and its reputation for safety, quality and innovation has earned it a position with its customers as The Marine Midstream Company.

Teekay's common stock is listed on the New York Stock Exchange where it trades under the symbol "TK".

Contacts:
Teekay Corporation
Investor Relations Enquiries
Ryan Hamilton
+1 (604) 844-6654
www.teekay.com

Source: Teekay Corporation

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