Teekay (NYSE:TK) Issues Earnings Results

Teekay (NYSE:TK) announced its earnings results on Thursday. The shipping company reported $0.35 earnings per share for the quarter, Zacks reports. The company had revenue of $326.14 million during the quarter. Teekay had a net margin of 11.09% and a return on equity of 7.97%.

Teekay Trading Down 4.6 %

NYSE:TK traded down $0.37 during trading hours on Friday, hitting $7.71. The company’s stock had a trading volume of 398,941 shares, compared to its average volume of 629,434. The stock has a fifty day moving average of $8.90 and a 200-day moving average of $8.23. The stock has a market capitalization of $701.22 million, a P/E ratio of 4.94 and a beta of 0.64. Teekay has a 52-week low of $5.70 and a 52-week high of $9.95.

Teekay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Tuesday, May 21st were given a dividend of $2.25 per share. This is a boost from Teekay’s previous quarterly dividend of $0.06. This represents a $9.00 annualized dividend and a dividend yield of 116.73%. The ex-dividend date of this dividend was Monday, May 20th. Teekay’s payout ratio is 61.73%.

Teekay Company Profile

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.