Teekay Keeps Dividend Steady

Marine midstream specialist Teekayannounced today its third-quarter dividend of $0.31625 per share, the same rate it's paid since 2008. The board of directors said the dividend is payable on October 31 to holders of record on October 16.

Teekay is also the controlling owner of Teekay Tankers , which also declared a quarterly payout of a fixed cash dividend of $0.03 per share. The tanker operator's payout is payable on October 25 to holders of record on October 16.

Teekay's regular dividend payment equates to a $1.265-per-share annual dividend, yielding 3% based on its closing price today while Teekay Tanker's regular dividend payment equates to a $0.12-per-share annual dividend, yielding 4.6% based on the tanker operator's closing price today.

TK Dividend data by YCharts.

The article Teekay Keeps Dividend Steady originally appeared on Fool.com.

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