Teekay (TK) Dividend: History, Dates & Yield - 2024
Tags:Dividend History
Teekay announced a quarterly dividend of $1.00 per ordinary share, payable on 2024-12-18, with an ex-dividend date of 2024-12-04. Teekay typically pays dividends four times a year, compared to $3.25 in 2024.
Find details on Teekay's dividend performance with a comprehensive history of past and upcoming payments.
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-04 | $1.00 | quarterly | 2024-12-18 |
| 2024-05-20 | $2.25 | quarterly | 2024-05-31 |
| 2021-11-04 | $0.29 | quarterly | |
| 2019-01-31 | $0.06 | quarterly | 2019-02-14 |
| 2018-11-01 | $0.06 | quarterly | 2018-11-14 |
| 2018-08-02 | $0.06 | quarterly | 2018-08-15 |
| 2018-05-03 | $0.06 | quarterly | 2018-05-16 |
| 2018-02-01 | $0.06 | quarterly | 2018-02-14 |
| 2017-11-02 | $0.06 | quarterly | 2017-11-15 |
| 2017-08-02 | $0.06 | quarterly | 2017-08-16 |
Dividend Increase
Teekay's dividend growth over the last five years (2020-2024) was 275.63% per year, while over the last ten years (2015-2024), it was 132.78% per year. In comparison, Teekay Tankers has seen an average growth rate of 1163.95% over the past five years and DHT's growth rate was 264.45%.
By comparing Teekay's dividend growth to other companies, investors can gain insight into how consistent its dividend strategy is and what that means for future payouts. However, dividend growth is just one factor to consider. Investors should also evaluate other metrics, such as earnings growth, payout ratio, and overall financial health, to get a full picture of Walmart's dividend sustainability and potential.
Dividend Yield
Teekay's current trailing twelve-month (TTM) dividend yield is 43.28%. Over the last 12 months, Teekay has maintained this yield, but how does it compare to similar stocks? For example, Teekay Tankers offers a yield of 6.73%, while DHT provides a yield of 9.17%. Comparing similar stocks can help investors assess Teekay's yield and make more informed decisions.
| Company | Dividend Yield | Annual Dividend | Stock Price |
|---|---|---|---|
| Teekay (TK) | 43.28% | $3.25 | $7.51 |
| Teekay Tankers (TNK) | 6.73% | $3 | $44.58 |
| DHT (DHT) | 9.17% | $1 | $10.9 |
Dividend Yield Calculator
Interested in purchasing Teekay stock? Use our calculator to estimate your expected dividend yield and see how Walmart's consistent payouts could contribute to your long-term investment goals. Understanding your potential returns can help you make an informed decision.
Payout Ratio
Teekay has a payout ratio of 0.00%. In comparison, Teekay Tankers has a payout ratio of 0.24%, while DHT's payout ratio is 0.97%.
It's important to note that the payout ratio is just one of many metrics investors use to assess a company's dividend sustainability and growth potential. It should be considered alongside other financial indicators such as earnings, cash flow, and debt levels to gain a complete picture of the company's financial health.
About Teekay
- Global presence
- Operates globally in multiple countries
- Established presence in key international markets
- Key Segments
- Diversified portfolio across various sectors including technology, consumer goods, and healthcare
- Strong focus on delivering sustainable growth and value to shareholders
- Products/Services
- Offers a range of products and services catering to different industries and consumer needs
- Prioritizes innovation and quality to maintain competitive edge
- Financial stability
- Strong financial performance and consistent dividend payments
- Steady revenue growth and healthy balance sheet position
Frequently Asked Question
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.
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