$TK >$TOO Posted On: 12/17/2015 10:43:20 PM Avata
Post# of 22756
Posted On: 12/23/2015 2:26:43 PM
$TK >$TOO Posted On: 12/17 /2015 10:43:20 PM
Avatar
Posted By: fitzkarz
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%)
All three ticker were down about same %
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 $7.19, as of 11:19 AM EST. More than 9 million shares have already exchanged hands today, compared to an average daily trading volume of around 900,000 shares.
Read More: http://investorshangout.com/post/view?id=3428...z3vApHK1kQ
Avatar
Posted By: fitzkarz
Re: Rhythm Guitar #6870
Put on watch> Teekay Corp. ($TK)
$ 7.27 ▼ -10.22 ( -58.43% )
Volume: 29,935,867
After HoursLast: $ 7.45 ▲ 0.18 (2.48%)
All three ticker were down about same %
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.
Read More: http://investorshangout.com/post/view?id=3428...z3vApHK1kQ
(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 ▼