Teekay Offshore Partners Increases Cash Distribution by 4 Percent

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Teekay Offshore Partners (TOO) Raises Quarterly Dividend 3.7% to $0.56; 15.4% Yield

October 2, 2015 6:54 AM EDT

Teekay Offshore Partners (NYSE: TOO) declared a quarterly dividend of $0.56 per share, or $2.24 annualized. This is a 3.7% increase from the prior dividend of $0.54.

The dividend will be payable on November 13, 2015, to stockholders of record on October 13, 2015, with an ex-dividend date of October 8,... More