Teekay Corp. (TK) reported first quarter net income attributable to shareholders of $54.64 million or $0.57 per share, up from $48.76 million or $0.48 per share in the previous year, primarily due to gains relating to the sale of a vessel by the company's subsidiary Teekay Tankers, partially offset by lower earnings from Teekay Tankers primarily as a result of lower spot tanker rates.
But adjusted net income attributable to shareholders for the first quarter declined to $41.01 million or $0.44 per basic share, from the prior year's $51.02 million or $0.52 per basic share.
Revenues for the first quarter declined to $365.05 million from $418.70 million in the previous year.
Teekay Tankers declared a quarterly cash dividend of $0.25 per common share for the quarter ended March 31, 2024. In addition, Teekay Tankers declared a special dividend of $2.00 per common share, for a combined dividend of $2.25 per common share, payable in May 2024.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.