Teekay LNG Partners Declares 32 Percent Increase In Common Unit Distribution
April 16 2020 - 6:59AM
Teekay GP LLC, the general partner of Teekay LNG Partners L.P.
(Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash
distribution of $0.25 per common unit for the quarter ended March
31, 2020, representing a 32 percent increase over the previous
quarter’s distribution. This corresponds to $1.00 per common unit
on an annualized basis.
The cash distribution is payable on May 15, 2020
to all common unitholders of record on May 1, 2020. Teekay
LNG’s common unit distributions are reported on Form 1099 for
United States tax purposes.
About Teekay LNG
Teekay LNG Partners is one of the world’s
largest independent owners and operators of LNG carriers, providing
LNG and LPG services primarily under long-term, fee-based charter
contracts through its interests in 47 LNG carriers, 23 mid-size LPG
carriers, and seven multi-gas carriers. Teekay LNG’s ownership
interests in these vessels range from 20 to 100 percent. In
addition, Teekay LNG owns a 30 percent interest in a regasification
terminal. Teekay LNG Partners is a publicly-traded master limited
partnership formed by Teekay Corporation (NYSE: TK) as part of its
strategy to expand its operations in the LNG and LPG shipping
sectors.
Teekay LNG Partners’ common units and preferred
units trade on the New York Stock Exchange under the symbols “TGP”,
“TGP PR A” and “TGP PR B”, respectively.
For Investor Relations enquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website: www.teekay.com
Teekay (NYSE:TK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Teekay (NYSE:TK)
Historical Stock Chart
From Sep 2023 to Sep 2024