Marine midstream specialist Teekay announced today its third-quarter dividend of $0.31625 per share, the same rate it's paid since 2008. The board of directors said the dividend is payable on October 31 to holders of record on October 16.

Teekay is also the controlling owner of Teekay Tankers , which also declared a quarterly payout of a fixed cash dividend of $0.03 per share. The tanker operator's payout is payable on October 25 to holders of record on October 16.

Teekay's regular dividend payment equates to a $1.265-per-share annual dividend, yielding 3% based on its closing price today while Teekay Tanker's regular dividend payment equates to a $0.12-per-share annual dividend, yielding 4.6% based on the tanker operator's closing price today.


TK Dividend Chart

TK Dividend data by YCharts.

The article Teekay Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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