Teekay LNG Declares 15 Percent Increase in Common Unit Distribution

Source: www.gulfoilandgas.com 4/15/2021, Location: South America

Teekay GP LLC, the general partner of Teekay LNG Partners L.P., has declared a cash distribution of $0.2875 per common unit for the quarter ended March 31, 2021, representing a 15 percent increase over the previous quarter’s distribution. This corresponds to $1.15 per common unit on an annualized basis.

The cash distribution is payable on May 14, 2021 to all common unitholders of record on May 5, 2021. Teekay LNG’s common unit distributions are reported on Form 1099 for United States tax purposes.


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