Teekay Corporation Declares $1.00 Special Dividend, Reports Q1 Fleet Update
Teekay Corporation’s Board declared a special cash dividend of $1.00 per common share payable June 2 to shareholders of record on May 26, 2026. The company provided a first quarter update for the three months ended March 31, 2026, highlighting operations through its controlling interest in Teekay Tankers’ fleet of 33 double-hull vessels.
1. First Quarter 2026 Operational Update
Teekay Corporation provided an update for the quarter ended March 31, 2026, covering international crude oil marine transportation and services through its controlling interest in Teekay Tankers. Teekay Tankers operates a fleet of 33 double‐hull tankers—including 14 Suezmax, 18 Aframax/LR2 and one VLCC—plus three chartered-in vessels and manages ship-to-ship lightering in the U.S. Gulf and Caribbean.
2. Special Dividend Declaration
The Board of Directors declared a special cash dividend of $1.00 per outstanding common share, payable on June 2, 2026, to shareholders of record as of May 26, 2026. This dividend represents a significant return of capital reflecting the company’s strong cash flow generation during the quarter.