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Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services. As of March 1, 2022, it operated a fleet of approximately 55 vessels. The company primarily serves energy and utility companies, major oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda.

Teekay Dividend Announcement

Teekay announced a quarterly dividend of $1.00 per ordinary share which will be made payable on 2024-12-18. Ex dividend date: 2024-12-04
Teekay annual dividend for 2024 was $3.25
Teekay's trailing twelve-month (TTM) dividend yield is 28.3%

Teekay Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-12-04$1.00quarterly2024-12-18
2024-05-20$2.25quarterly2024-05-31
2021-11-04$0.29quarterly
2019-01-31$0.06quarterly2019-02-14
2018-11-01$0.06quarterly2018-11-14
2018-08-02$0.06quarterly2018-08-15
2018-05-03$0.06quarterly2018-05-16
2018-02-01$0.06quarterly2018-02-14
2017-11-02$0.06quarterly2017-11-15
2017-08-02$0.06quarterly2017-08-16
2017-05-03$0.06quarterly2017-05-17
2017-01-25$0.06quarterly2017-02-15
2016-10-26$0.06quarterly2016-11-16
2016-07-27$0.06quarterly2016-08-17
2016-04-27$0.06quarterly2016-05-19
2016-02-03$0.06quarterly2016-02-18
2015-10-14$0.55quarterly2015-11-19
2015-07-15$0.55quarterly2015-07-31
2015-04-15$0.32quarterly2015-04-30
2015-01-15$0.32quarterly2015-01-30
2014-10-15$0.32quarterly2014-10-31
2014-07-16$0.32quarterly2014-07-31
2014-04-15$0.32quarterly2014-04-30
2014-01-15$0.32quarterly2014-01-31
2013-10-11$0.32quarterly2013-10-31
2013-07-12$0.32quarterly2013-07-31
2013-04-12$0.32quarterly2013-04-30
2013-01-14$0.32quarterly2013-01-30
2012-10-15$0.32quarterly2012-10-26
2012-07-13$0.32quarterly2012-07-27
2012-04-18$0.32quarterly2012-04-30
2012-01-18$0.32quarterly2012-01-31
2011-10-19$0.32quarterly2011-10-31
2011-07-13$0.32quarterly2011-07-29
2011-04-13$0.32quarterly2011-04-29
2011-01-12$0.32quarterly2011-01-28
2010-10-13$0.32quarterly2010-10-29
2010-07-14$0.32quarterly2010-07-30
2010-04-14$0.32quarterly2010-04-30
2010-01-13$0.32quarterly2010-01-29

Teekay Dividend per year

Teekay Dividend growth

Teekay Dividend Yield

Teekay current trailing twelve-month (TTM) dividend yield is 28.3%. Interested in purchasing Teekay stock? Use our calculator to estimate your expected dividend yield:

Teekay Financial Ratios

P/E ratio5.10
PEG ratio40.92
P/B ratio0.91
ROE18.30%
Payout ratio0.00%
Current ratio8.45
Quick ratio8.06
Cash Ratio5.93

Teekay Dividend FAQ

Does Teekay stock pay dividends?
Teekay does not currently pay dividends to its shareholders.
Has Teekay ever paid a dividend?
No, Teekay has no a history of paying dividends to its shareholders. Teekay is not known for its dividend payments.
Why doesn't Teekay pay dividends?
There are several potential reasons why Teekay would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Teekay ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Teekay has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Teekay a dividend aristocrat?
Teekay is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Teekay a dividend king?
Teekay is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Teekay a dividend stock?
No, Teekay is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Teekay stocks?
To buy Teekay you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Teekay stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.