Dividend To Observe: This is why Teekay LNG Partners L.P. (NYSE:TGP) will be paying investors dividends of $0.14 on Nov 10, 2016.

Dividend To Observe: This is why Teekay LNG Partners L.P. (NYSE:TGP) will be paying investors dividends of $0.14 on Nov 10, 2016.

Teekay LNG Partners L.P. (NYSE:TGP) is expected to pay $0.14 on Nov 10, 2016. The indicated annual dividend is $0.56. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Teekay LNG Partners L.P.’s current price of $14.80, the dividend is 0.95%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 5, 2016. The stock closed at $14.8 during the last session. It is down 21.61% since March 30, 2016 and is uptrending. It has outperformed by 18.60% the S&P500.

Teekay LNG Partners L.P. is an international well-known provider of marine transportation services for liquefied natural gas , liquefied petroleum gas (LPG) and crude oil. The company has a market cap of $1.16 billion. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled. It has a 15.42 P/E ratio. The Company’s divisions include liquefied gas segment and conventional tanker segment.

Teekay LNG Partners L.P. (NYSE:TGP) Ratings Coverage

Out of 6 analysts covering Teekay LNG Partners L.P. (NYSE:TGP), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Teekay LNG Partners L.P. has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. UBS upgraded the shares of TGP in a report on Friday, August 7 to “” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, December 17. The rating was upgraded by Wells Fargo on Friday, September 9 to “Outperform”. Zacks downgraded the stock to “Hold” rating in Thursday, August 6 report. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has “Buy” rating given on Tuesday, June 14 by UBS. The stock of Teekay LNG Partners L.P. (NYSE:TGP) earned “Neutral” rating by Seaport Global Securities on Thursday, December 17. The rating was initiated by Jefferies on Tuesday, September 13 with “Hold”.

More news for Teekay LNG Partners L.P. (NYSE:TGP) were recently published by: Fool.com, which released: “Why Teekay Offshore Partners L.P., Teekay LNG Partners L.P., and Teekay …” on April 06, 2016. Fool.com‘s article titled: “Teekay LNG Partners LP: 3 Things You Need to Know After Earnings” and published on August 07, 2015 is yet another important article.

TGP Company Profile

Teekay LNG Partners L.P., incorporated on November 3, 2004, is an international well-known provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company’s fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled. The Company’s divisions include the liquefied gas segment and the conventional tanker segment. The liquefied gas segment consists of LNG carriers, LPG carriers and multigas carriers, which can carry both LNG and LPG. The conventional tanker segment consists of approximately seven Suezmax-class crude oil tankers and a Handymax product tanker. The Company’s vessels primarily operate under long-term, fixed-rate charters with energy and utility companies, and Teekay Corporation.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment