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.
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