Teekay Offshore Keeps Distribution Steady
International marine transportation, oil production, and storage services provider Teekay Offshore announced yesterday its third-quarter distribution of $0.5253 per unit, the same rate it's paid for the past two quarters after raising the payout 2.5% from $0.5125 per share.
The board of directors said the quarterly dividend is payable on Nov. 8 to the holders of record at the close of business on Oct. 23. The regular dividend payment equates to a $2.10-per-share annual distribution, yielding 6.3% based on the closing price Friday of Teekay Offshore's stock.
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