Dividend Growth of Teekay LNG Partners L.P.(TGP)

Teekay LNG Partners L.P.(TGP) is having a Dividend Yield of 2.92% with the Annual cash Dividend per share of $0.56. The last quarter cash dividend per share pay out was $0.14. Teekay LNG Partners L.P. has a 5 year average dividend yield of 7.26% and the stock has a Indicated annual dividend of $0.56. Teekay LNG Partners L.P.(TGP) formally announced its most recent dividend on January 5, 2017 with a Dividend per share of $0.14. The new indicated annual dividend based on announced dividend per share is $0.56. The dividend yield based on the forward looking indicated annual dividend is 2.92%. Teekay LNG Partners L.P.(TGP) has the most recent dividend payout ratio of 0.29 with a 5-year average payout ratio of 1.19. The 5 year historical dividend growth of Teekay LNG Partners L.P.(TGP) is at the rate of -25.57% while the R-Squared dividend growth is 0.45. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Teekay LNG Partners L.P. (NYSE:TGP) witnessed a decline in the market cap on Thursday as its shares dropped 0.78% or 0.15 points. After the session commenced at $19.15, the stock reached the higher end at $19.6 while it hit a low of $19. With the volume soaring to 634,391 shares, the last trade was called at $19.05. The company has a 52-week high of $19.9. The company has a market cap of $1,516 million and there are 79,572,000 shares in outstanding. The 52-week low of the share price is $9.31. Shares of Teekay LNG Partners L.P. rose by 3.25% in the last five trading days and 16.35% for the last 4 weeks. Teekay LNG Partners L.P. is up 36.15% in the last 3-month period. Year-to-Date the stock performance stands at 32.86%.

Institutional Investors own 42.85% of Teekay LNG Partners L.P. shares. Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Teekay LNG Partners L.P. was Initiated by Stifel on Nov 21, 2016 to Hold, Price Target of the shares are set at $14.50.

Teekay LNG Partners L.P. is a Marshall Islands partnership recently formed by Teekay Shipping Corporation as part of its strategy to expand its operations in the liquefied natural gas shipping sector. Teekay LNG Partners provides liquefied natural gas and crude oil marine transportation services under long-term, fixed-rate contracts with major energy and utility companies through its fleet of seven LNG carriers and five Suezmax class crude oil tankers.


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