Teekay Corporation (TK) has released an update.
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Teekay Corporation reported a solid first quarter in 2024 with a GAAP net income of $54.6 million, or $0.59 per share, and an adjusted net income of $41.0 million, or $0.44 per share. The tanker market stays robust, allowing Teekay Tankers to secure favorable spot rates for its fleets and declare a significant combined dividend of $2.25 per common share. The company’s financial health is further highlighted by the increase in Teekay Parent’s net cash position and market value of its investment in Teekay Tankers.
For further insights into TK stock, check out TipRanks’ Stock Analysis page.
