Teekay (TK) Misses Q2 EPS by 7c

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Go back to Teekay (TK) Misses Q2 EPS by 7c

Teekay Corporation Reports Second Quarter 2015 Results

August 6, 2015 2:01 AM EDT

HAMILTON, BERMUDA -- (Marketwired) -- 08/06/15 -- Highlights

-- Second quarter 2015 total Teekay Parent free cash flow of $49.5 million, up $17.9 million, or 57 percent from the first quarter of 2015. -- Implemented new dividend policy: increased second quarter 2015 dividend by 75 percent to $0.55 per share ($2.20 per share annualized) and linking future dividend increases to the growing cash flows from Teekay's publicly-listed daughter entities. -- Targeting 15 to 20 percent average annual dividend growth over the next three years. -- On July 1, 2015, completed the dropdown sale of the Knarr FPSO to Teekay Offshore for $1.26 billion.

Teekay Corporation (Teekay or the Company) (NYSE:... More