Teekay Stock To Go Ex-dividend Tomorrow (TK)

NEW YORK ( TheStreet) -- The ex-dividend date for Teekay Corporation (NYSE: TK) is tomorrow, April 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $35.39 as of 9:30 a.m. ET, the dividend yield is 3.6%.

The average volume for Teekay has been 557,300 shares per day over the past 30 days. Teekay has a market cap of $2.45 billion and is part of the services sector and transportation industry. Shares are up 31.6% year to date as of the close of trading on Monday.

Teekay Corporation engages in the marine transportation of crude oil and gas in Bermuda and internationally.

TheStreet Ratings rates Teekay as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Teekay Ratings Report.

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