Teekay Corporation Ltd. First Quarter 2026 Update; and Declares a Special Dividend

Q: What special dividend did Teekay (NYSE:TK) announce on May 13, 2026?

Teekay declared a special cash dividend of $1.00 per outstanding common share . According to Teekay, the dividend will be paid to all shareholders of record on May 26, 2026, providing a one-time cash return in early June 2026.

Q: When will Teekay (TK) pay the $1.00 special dividend to shareholders?

Teekay plans to pay the special dividend on June 2, 2026 . According to Teekay, shareholders of record as of May 26, 2026 will be eligible, so investors must own TK shares before the record date to qualify for this payment.

Q: Which period is covered by Teekay's first quarter 2026 update for TK stock?

Teekay's first quarter 2026 update covers the three months ended March 31, 2026 . According to Teekay, the update and Teekay Group’s earnings presentation are available on the company’s website for investors seeking detailed financial and operational information.

Q: What is Teekay's core business as described in the May 2026 TK update?

Teekay is described as a leading provider of international crude oil marine transportation and marine services . According to Teekay, it delivers these services mainly through its controlling ownership in Teekay Tankers, a major owner and operator of mid-sized crude tankers worldwide.

Q: How large is the Teekay Tankers fleet mentioned in the May 2026 Teekay (TK) update?

Teekay Tankers is reported to have a fleet of 33 double-hull tankers . According to Teekay, this includes 14 Suezmax, 18 Aframax / LR2 tankers, one VLCC, plus three additional time chartered-in tankers operated within its crude oil transportation business.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

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Rhea-AI Summary

Teekay (NYSE:TK) provided an update for the three months ended March 31, 2026, with materials available on its website. The Board of Directors declared a special cash dividend of $1.00 per common share, payable June 2, 2026 to shareholders of record on May 26, 2026.

Positive

Board declared a special cash dividend of $1.00 per common share
Dividend payable on June 2, 2026 to shareholders of record on May 26, 2026

Negative

None.

News Market Reaction – TK

+0.15%

2 alerts

+0.15% Session close to close

$1.21B Market Cap

0.1x Rel. Volume

In the May 14 session, TK gained 0.15%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/13/2026 - 04:05 PM

HAMILTON, Bermuda, May 13, 2026 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported an update for the three months ended March 31, 2026. The update and Teekay Group’s earnings presentation are available on the Company’s website here.

In addition, the Company’s Board of Directors declared a special cash dividend in the amount of $1.00 per outstanding common share. This dividend is payable on June 2, 2026 to all Teekay shareholders of record on May 26, 2026.

About Teekay

Teekay is a leading provider of international crude oil marine transportation and marine services. Teekay provides these services through its controlling ownership interest in Teekay Tankers, a leading owner and operator of mid-sized crude tankers. Teekay Tankers has a fleet of 33 double-hull tankers (including 14 Suezmax tankers and 18 Aframax / LR2 tankers, and 1 VLCC) and has three time chartered-in tankers. In addition, Teekay Tankers manages and operates vessels for the Australian government and Australian energy companies as part of the marine services provided by Teekay Tankers and owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the U.S. Gulf and Caribbean.

Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”.

For Investor Relations
enquiries contact:

E-mail: investor.relations@teekay.com
Website: www.teekay.com

FAQ

What special dividend did Teekay (NYSE:TK) announce on May 13, 2026?

Teekay declared a special cash dividend of $1.00 per outstanding common share. According to Teekay, the dividend will be paid to all shareholders of record on May 26, 2026, providing a one-time cash return in early June 2026.

When will Teekay (TK) pay the $1.00 special dividend to shareholders?

Teekay plans to pay the special dividend on June 2, 2026. According to Teekay, shareholders of record as of May 26, 2026 will be eligible, so investors must own TK shares before the record date to qualify for this payment.

Which period is covered by Teekay's first quarter 2026 update for TK stock?

Teekay's first quarter 2026 update covers the three months ended March 31, 2026. According to Teekay, the update and Teekay Group’s earnings presentation are available on the company’s website for investors seeking detailed financial and operational information.

Where can investors find Teekay's Q1 2026 earnings update and presentation for TK?

Investors can access Teekay’s Q1 2026 update and earnings presentation on the company’s website. According to Teekay, materials for the three months ended March 31, 2026 are posted online, supporting investor analysis of the business and the special dividend announcement.

What is Teekay's core business as described in the May 2026 TK update?

Teekay is described as a leading provider of international crude oil marine transportation and marine services. According to Teekay, it delivers these services mainly through its controlling ownership in Teekay Tankers, a major owner and operator of mid-sized crude tankers worldwide.

How large is the Teekay Tankers fleet mentioned in the May 2026 Teekay (TK) update?

Teekay Tankers is reported to have a fleet of 33 double-hull tankers. According to Teekay, this includes 14 Suezmax, 18 Aframax / LR2 tankers, one VLCC, plus three additional time chartered-in tankers operated within its crude oil transportation business.