Teekay (TK) Will Reduce Qtr. Dividend by 90%
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Teekay Corporation Announces Plan to Reduce Its Quarterly Cash Dividend
December 16, 2015 8:00 PM ESTHAMILTON, BERMUDA -- (Marketwired) -- 12/16/15 -- Teekay Corporation (Teekay or the Company) (NYSE: TK) today announced that its Board of Directors has approved a plan to reduce the Company's quarterly dividend to $0.055 per share, down from $0.55 per share in the third quarter of 2015, commencing with the fourth quarter of 2015 dividend payable in February 2016. The reduction in the Company's dividend amount is in response to announcements by the general partners of Teekay Offshore Partners L.P. (Teekay Offshore) and Teekay LNG Partners L.P. (Teekay LNG) that they plan to reduce their respective quarterly cash... More
