Put on watch> Teekay Corp. ($TK) $ 7.27 ▼ -10.2
Post# of 22756
Posted On: 12/17/2015 10:43:20 PM
Re: Rhythm Guitar #6870
Put on watch> Teekay Corp. ($TK)
$ 7.27 ▼ -10.22 (-58.43%)
Volume: 29,935,867
After HoursLast: $ 7.45 ▲ 0.18 (2.48%)
Teekay Corporation Sinks on 90% Dividend Cut
Teekay Corporation Sinks on 90% Dividend Cut
Teekay Corporation stock plummeted as the company slashed the quarterly dividend to 5.5 cents
Dec 17, 2015 at 11:31 am Est
Teekay Corporation Sinks on 90% Dividend Cut
Teekay Corporation Sinks on 90% Dividend Cut
By Larry Darrell on Dec 17, 2015 at 11:31 am Est
Teekay Corporation (NYSE:TK) stock lost more than 55% of its value today, as the company announced plans to reduce quarterly dividends by approximately 90% last evening. The company intends to distribute a 5.5-cent-per-share dividend in fourth quarter of fiscal 2015 (4QFY15), compared to 55 cents in 3QFY15.
The dividend reduction follows Teekay Offshore Partners’ (NYSE:TOO) and Teekay LNG Partners’ (NYSE:TGP) announcement that they plan to retain their internally-generated cash flows to fund future projects, and reduce the debt levels. Teekay Corporation mentioned that it remains committed to being a supportive sponsor for both master limited partnerships (MLPs).
Teekay Corporation CEO Peter Evensen commented: “Although it is painful in the short-term to have to temporarily reduce Teekay Corporation’s dividend, management and our Board of Directors believe Teekay and its shareholders will achieve greater long-term value.” The executive further stated that the long-term objectives can be achieved by enhancing value of the company’s ownership interests in Teekay Offshore and Teekay LNG.
At present, Teekay Corporation stock is trading down 58.89% at $7.19, as of 11:19 AM EST. More than 9 million shares have already exchanged hands today, compared to an average daily trading volume of around 900,000 shares.
$ 7.27 ▼ -10.22 (-58.43%)
Volume: 29,935,867
After HoursLast: $ 7.45 ▲ 0.18 (2.48%)
Teekay Corporation Sinks on 90% Dividend Cut
Teekay Corporation Sinks on 90% Dividend Cut
Teekay Corporation stock plummeted as the company slashed the quarterly dividend to 5.5 cents
Dec 17, 2015 at 11:31 am Est
Teekay Corporation Sinks on 90% Dividend Cut
Teekay Corporation Sinks on 90% Dividend Cut
By Larry Darrell on Dec 17, 2015 at 11:31 am Est
Teekay Corporation (NYSE:TK) stock lost more than 55% of its value today, as the company announced plans to reduce quarterly dividends by approximately 90% last evening. The company intends to distribute a 5.5-cent-per-share dividend in fourth quarter of fiscal 2015 (4QFY15), compared to 55 cents in 3QFY15.
The dividend reduction follows Teekay Offshore Partners’ (NYSE:TOO) and Teekay LNG Partners’ (NYSE:TGP) announcement that they plan to retain their internally-generated cash flows to fund future projects, and reduce the debt levels. Teekay Corporation mentioned that it remains committed to being a supportive sponsor for both master limited partnerships (MLPs).
Teekay Corporation CEO Peter Evensen commented: “Although it is painful in the short-term to have to temporarily reduce Teekay Corporation’s dividend, management and our Board of Directors believe Teekay and its shareholders will achieve greater long-term value.” The executive further stated that the long-term objectives can be achieved by enhancing value of the company’s ownership interests in Teekay Offshore and Teekay LNG.
At present, Teekay Corporation stock is trading down 58.89% at $7.19, as of 11:19 AM EST. More than 9 million shares have already exchanged hands today, compared to an average daily trading volume of around 900,000 shares.
(0)
(0)
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
Scroll down for more posts ▼